7814 NW 5th Court, Miami, FL 33150
- $599,000
- 1,679
- SqFt
- List Price
- $599,000
- Status
- ACTIVE
- Days on Market
- 366
- Price Change
- ▼ $25,900 1787265449
- MLS#
- A11876984
- Subtype
- Residential Income
- Year Built
- 1937
- Living Area
- 1,679
- Subdivision
- Marden Heights Remodeled!!
- MLS Area Major
- 2310
Property Description
Detached duplex featuring 2 separate houses on 1 lot. Property will only be shown after an offer has been accepted,duplex has been renovated,numbers talks open the attachment. The front unit is currently rented for $2,700 per month through Section 8; however, it is functionally a 2-bedroom plus den, 1-bathroom. The rear unit has a projected rental income of $3,000 per month, both unit have aproximately a NET annual income of approximately $50k. The property is being sold AS-IS.The second unit features 3 bedrooms and 2 bathrooms. It is currently rented on a short-term basis and includes brand-new appliances and a new A/C system. This unit has the potential to be rented on an annual lease for approximately $3,000 per month. The owner currently pays utilities for the rear unit, while the tenant covers utilities for the front unit. Attachments are available, including the last six months of short-term rental income, as well as water and sewer bills.Ideally located just minutes from the airport, beaches, and major attractions such as Wynwood, Design District, Midtown, and Brickell. Zoned T5-R, this duplex represents a rare opportunity in today’s market, offering an estimated ROI of 8% to10%.Please do not contact or disturb the tenants. Kindly allow 24 to 48 hours notice for showings.
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Additional Information
- Taxes
- $6,439
- HOA Freqency
- Monthly
- Flooring
- Ceramic Tile
- Heating
- Central, Separate Meters
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 1
- Roof
- Other
- Middle School
- Horace Mann
- High School
- Miami Edison
Listing courtesy of The Keyes Company. Contact:
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Agent: Claudia T Swanes | Email: royalgrouptopsales@gmail.com