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Address not disclosed Miami, FL 33133
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Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,519 sqft
Price per Sqft $220
Subdivision Pomelo Park
MLS Listing ID A10791812
Sold Date 02/26/20
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $9,153
Tax Year 2019
Contingent No Contingencies
Property Description
Great revenue generating duplex, close to US1 & SW 32nd Ave. 2 units (3/2 + 2/1), each with private entrance & backyards. Recently renovations include white porcelain tile flooring & new kitchen with Euro-style cabinetry and in unit washer & dryer. Ample parking in front for 5 cars. All electric updated in 2018 with separate meters. Both units currently leased at less than the going market rate ( monthly revenue total = $3,900) and operating at a 6-7% cap. Potential for additional profit at lease renewal - current rental rates for comparable units in the area range from $2300-$2500 ( for a 3/2) and $1850- $2000 (for a 2/1). Excellent location near Coral Gables, Coconut Grove, public transportation, shopping & minutes to downtown & MIA.
Location
State FL
County Miami-dade County
Community Pomelo Park
Area 41
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Window Features Blinds
Exterior
Exterior Feature Porch, Patio
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Barrel
Porch Open, Patio, Porch
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 01-41-16-018-0171
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Listed As-Is
Read Less
Bought with BHHS EWM Realty
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