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Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,137 sqft
Price per Sqft $325
Subdivision 17Th Ave Manor 2Nd Addn
MLS Listing ID A11490896
Sold Date 05/08/24
Construction Status Effective Year Built
HOA Y/N No
Year Built 1937
Annual Tax Amount $3,341
Tax Year 2022
Contingent Other
Property Description
Brownsville Duplex. Two separate buildings, a 2bed/1ba with central a/c and a 1 bed/ 1ba. Lovely location in a private and fenced-in lot, with lush landscaping providing wonderful shade for the tenants on those hot Miami days. Current NOI of $20k, raisable to Proforma NOI of $25k, and close to a 7% cap at asking price. Get some of the Champ's magic by investing in this duplex which is one block away from Muhamad Ali's historic Miami home. Brownsville represents one of the city next frontiers, as gentrification at the center pushes more and more of Miami's solid working classes homeowners and renters to this area. The perfect first time investment.
Location
State FL
County Miami-dade County
Community 17Th Ave Manor 2Nd Addn
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Tile
Total Parking Spaces 3
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-31-22-047-0490
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc