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Key Details
Sold Price $784,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,334 sqft
Price per Sqft $336
Subdivision Buena Vista Gardens
MLS Listing ID A11467470
Sold Date 11/20/23
Construction Status Effective Year Built
HOA Y/N No
Year Built 2008
Annual Tax Amount $8,967
Tax Year 2023
Contingent Pending Inspections
Property Description
Turnkey solution for passive investors located in a booming area with an actual cap rate of 8.03% and a pro forma cap rate of 8.44%. 2008 built duplex completely renovated in 2023 and located within an opportunity zone. Easy to manage. One home is currently leased to Section 8 while the other is leased to a long term tenant. Renovations include: All new wood cabinets w/ quartz countertops & stainless-steel appliances and updated luxury vinyl plank flooring. Unique feature of this duplex is the buildings are detached homes appealing to single family renters which tend to pay a premium when compared to traditional duplexes. Low maintenance, impressive finishes & headache free easy to manage. Proximity to Design District, Wynwood and Edgewater has fueled the gentrification of neighborhood.
Location
State FL
County Miami-dade County
Community Buena Vista Gardens
Area 31
Interior
Heating Heat Pump
Cooling Central Air
Flooring Vinyl
Window Features Blinds
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 4
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 01-31-13-042-0880
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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