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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,198 sqft
Price per Sqft $390
Subdivision Palmetto Duplexes Addn No
MLS Listing ID A11266933
Sold Date 11/02/22
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $11,837
Tax Year 2021
Contingent No Contingencies
Property Description
100% VALUE ADD OPPORTUNITY. Leased significantly below market rent and partially renovated. Extremely rare to market duplex in the affluent Pinecrest area. Needs modest repairs. Comps nearby as high as $1.9m and rents as high as $6k/unit/month once renovated and stabilized. Potential seller financing for qualified buyers at very low LTV. On the canal with a swimming pool and very nice water views on a huge lot with plenty of room to add/build.
Location
State FL
County Miami-dade County
Community Palmetto Duplexes Addn No
Area 50
Interior
Heating Central
Cooling Electric
Flooring Other
Exterior
Pool In Ground, Pool
Utilities Available Cable Available
Waterfront Yes
Waterfront Description Canal Front,Other
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Other
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 20-50-10-037-0050
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Cash
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Bought with Compass Florida, LLC
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