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Key Details
Sold Price $359,995
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,514 sqft
Price per Sqft $237
Subdivision 17Th Ave Manor 2Nd Addn
MLS Listing ID A11017715
Sold Date 05/14/21
Construction Status Resale
HOA Y/N No
Year Built 1924
Annual Tax Amount $3,074
Tax Year 2020
Contingent 3rd Party Approval
Property Description
Excellent income-producing opportunity, priced to sell! 100% occupied with tenants who have been there over 10 yrs. Front is rented Section 8 as a 4/2 & 2/1, but can be separated into a 3/1 and 1/1 providing additional rental income; Rear is private rental; Both units are month-to-month. Current rents are below Payment Standard producing $34,200 in GI but can be adjusted to meet current Payment Standard to produce $59,688 with a potential CAP of 15.69%! SEE ATTACHED FINANCIALS. Property has passed all Section 8 inspections. Central A/C units from 2018 & 2020; double electrical meters; tankless water heaters; tile throughout; windows/doors security bars; fenced; both units have their own private entrances and yard spaces. Parking for 3 cars outside/2 inside.
Location
State FL
County Miami-dade County
Community 17Th Ave Manor 2Nd Addn
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Exterior Feature Fence, Lighting, Porch, Patio
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Other
Porch Open, Patio, Porch
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 01-31-22-047-0311
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing FHA
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Bought with Dream Life Realty
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