Listed by RE/MAX First
$795,000
2ND
Details
APN 30-31-02-007-0050
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,318
Net Rentable (SqFt) 2,300
Units 2
Cap Rate 7.55%
NOI $60,000
Occupancy 50%
Pro-Forma Cap Rate 8.98%
Pro-Forma NOI $71,400
Price per SqFt $343
Broker Co-Op Yes
Class A
Year Built 2007
Year Renovated 2023
Buildings 1
Lot Size (SqFt) 14,000
Zoning 5700
Parking Spaces 6 spaces
Parking Per SqFt 2.59
Investment Type Net Lease
Sale Condition For sale by owner
Multifamily | 2 Units | 3 Bed/2 Bath each
Marketing description
Introducing a fantastic investment opportunity! This fully equipped duplex is designed with safety and efficiency in mind, featuring hurricane windows and doors to protect your investment against the elements. Each unit boasts separate water and electric meters, ensuring easy management and lower utility costs for both you and your tenants. With a high cap rate, this property not only promises a reliable income stream but also significant potential for growth. Whether you’re a seasoned investor or just starting out, this duplex offers the perfect blend of security, functionality, and profitability. Don’t miss out on the chance to make this gem yours!
Investment highlights
Zero deferred CapEx: new plumbing, electrical, impact doors and windows
Private outdoor space for each tenant, plus three striped parking spots per unit
Separate water and electric meters keep operating costs tight
Positioned under Miami’s $1.089 M FHA cap, perfect for an owner-occupant
2007 build in an infill location where comparable duplexes are almost never listed
Listing Contacts
Listed by RE/MAX First
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
7.55%
Cap Rate
7.55%
ROI
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