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Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $511
Subdivision Franklin Sub
MLS Listing ID A11344977
Sold Date 03/31/23
Construction Status Effective Year Built
HOA Y/N No
Year Built 1964
Annual Tax Amount $5,139
Tax Year 2022
Contingent Pending Inspections
Property Description
Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables, Dadeland, shopping, dining, entertainment and also in a good school district with easy access to major highways. Don't miss out on this amazing opportunity to own a rental property with tons of upside potential in one of the hottest markets in Miami. Schedule a showing today!
Location
State FL
County Miami-dade County
Community Franklin Sub
Area 40
Direction GPS
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Window Features Blinds
Exterior
Exterior Feature Fence
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 09-40-25-010-0730
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with Florida Realty of Miami Corp
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