$695,000
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1,320 SqFt
SOLD DATE : 03/31/2023
Key Details
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
HOA Y/N No
Year Built 1964
Annual Tax Amount $5,139
Tax Year 2022
Contingent Pending Inspections
Property Sub-Type Duplex
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
Community Franklin Sub
Area 40
Zoning 0100
Direction GPS
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Window Features Blinds
Exterior
Exterior Feature Fence, Security/High Impact Doors
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
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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