2501 NW 23rd Ave, Miami, FL 33142

Duplex · Active

$769,000

2501 NW 23rd Ave, Miami, FL 33142 — MLS photo

Miami Foreclosures

2501 NW 23rd Ave, Miami, FL 33142

Bedrooms
—
Bathrooms
0
Interior
2,506 sq ft
Price / sq ft
$307/sq ft
Built
1925
Lot
—

The residence

INCOME PRODUCING MIAMI DUPLEX. CAP RATE 6.98 Excellent opportunity for investors or buyers looking for immediate rental income.This spacious 2,506 SF duplex features two currently rented units generating $5500/month in total rental income. The front unit offers 3 bedrooms and 2 bathrooms and rents for $3000/month. it was remodeled approximately five years ago, including a/c and flat roof. Kitchen and bathrooms plumbing were updated approximately two years ago, the PVC line from the sidewalk to the front unit was replaced, and the unit features an impact front door. The near unit offers 2 bedrooms and 1 bathroom and rents for $2500 month.It was remodeled 2 years ago, and the shingle roof is approximately 15 years. Both uits are currently renting, providing income from day one.

Property location

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2501 NW 23rd Ave, Miami, FL 33142

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Facts & features

Interior

Bathrooms
0
Living area
2,506 sq ft
Flooring
Ceramic Tile, Laminate
Cooling
Central Air
Heating
Central

Exterior & Structure

Property type
Duplex
Year built
1925
Roof
Shingle
Construction
Brick
Pool
None

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$6,700
Subdivision
EAST HAVEN
County
Miami-Dade
Days on market
57
MLS listing ID
A12091273
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$1,311

Cap rate
7.7%
Net yield
7.7%
Cash-on-cash return
7.3%
Gross yield
10.3%
Mortgage payment
$3,645/mo
Down payment
$192,250
Loan amount
$576,750
Annual NOI
$59,478

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

2501 NW 23rd Ave, Miami, FL 33142