$605,000
$589,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2,012 SqFt
SOLD DATE : 03/11/2024
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,012 sqft
Price per Sqft $300
Subdivision Hialeah 54Th Street Addn
MLS Listing ID A11472274
Sold Date 03/11/24
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $6,491
Tax Year 2022
Contingent Other
Property Sub-Type Duplex
Property Description
Introducing a Hialeah gem! This duplex, situated at the end of a cul-de-sac, awaits your vision. Unit 1 offers 2 bedrooms and 1 bathroom, while Unit 2 boasts 3 bedrooms and 2 bathrooms, both currently leased below market value. Huge upside potential: These units are ready for your creative touch, offering the potential to unlock their true value. With market rents in the area soaring to $2,400 for the 2/1 and $3,200 for the 3/2, your investment possibilities are limitless. Estimated pro-forma cap rate of 8-10%. Whether you're a seasoned investor looking to maximize rental income or a homeowner seeking additional income from one of the units, this property fits the bill perfectly.
Location
State FL
County Miami-dade County
Community Hialeah 54Th Street Addn
Area 31
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 04-31-20-041-0040
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Prestige Luxury Realty LLC
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