For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,460,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,282 sqft
Price per Sqft $444
Subdivision Suniland Terrace
MLS Listing ID A11119152
Sold Date 01/06/22
Construction Status Effective Year Built
HOA Y/N No
Year Built 2021
Annual Tax Amount $10,720
Tax Year 2020
Contingent No Contingencies
Property Description
*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED*
Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage.
Monthly rent $5,500
Yearly property taxes $15,000 (includes post-purchase adjustment)
Yearly insurance $4,000
Yearly utilities & misc costs $2,400
Total expenses $21,400
Total income $132,000
***NOI $110,600*** @ ~8% cap rate = $1,400,000
Location
State FL
County Miami-dade County
Community Suniland Terrace
Area 50
Interior
Heating None
Cooling Central Air, Electric
Flooring Marble, Terrazzo, Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 20-50-10-013-0350
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Keller Williams Capital Realty
Learn More About LPT Realty