Just Sold by Jason Smith and the
4-Plex Sold for $415,000
The closing for this Shenandoah 4-Plex took place yesterday. The buyer is a Canadian investor who made an offer sight-unseen from Quebec. It was a bank-financed deal that allowed the buyer to take advantage of today’s historically low interest rates. This 4-plex had been lovingly restored by our customer, a Miami investor who purchased the property for $182,000 in June 2010.
This Shenandoah 4-plex is ideally located closed to Coral Gables, Coconut Grove and Little Havana. It features four 2/1 units and 4 detached garage spaces. Each unit rents out for $1000-$1200 depending on the season.
Both sides were winners in this transaction. The seller made a nice profit in a short period of time and the buyer picked up a centrally located Miami investment property that is sure to appreciate nicely over the coming years while generating over $48,000/year in income.
$48,000 annual income
3,363 square feet interior
7,100 lot size
ShowcaseMiami Realty specializes in assisting homeowners to Sell their Miami home.
(Highest price in the Shortest period of time)
To discuss a strategy for your home, call…
Broker (Seller Specialist)