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Updated over 7 years ago on . Most recent reply

Account Closed
  • Houston, TX
10
Votes |
21
Posts

Miami florida five plex for sale need advice

Account Closed
  • Houston, TX
Posted

Greetings and happy forth of July.

My father passed away several months ago leaving my sister and I  a property in the flagami area. We are remaindermen so the property is already in our names.

This property has been in our family for over 25 years and ever since I can remember it has been a five plex.

The problem is the building was originally only a tri-plex. I believe that it came with a storage area and that was made into another unit. 

I am flying to Miami from Houston in a couple of weeks to look for a realtor but am very concerned about the violations.

Is this something common in Miami?

Has anyone purchased/sold a property there with violations and if so how was it handled?

Any advice would be appreciated,

Veronica~

Most Popular Reply

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1
Posts
3
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Maria Pena
  • Investor
  • Miami, FL
3
Votes |
1
Posts
Maria Pena
  • Investor
  • Miami, FL
Replied

Hi Veronica,

My condolences for your loss.

In order to sell it as a 6-plex your would have to legalize it or sell it as an ilegal 6-plex.

I can help to get you an estimate of the value of the property for both options. I work with investors that could possibly buy it As Is as well.

Please send me an inbox and I'll be happy to help you with any questions you might have!

Best,
Maria

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