$920,000
$1,000,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Miami, FL 33134
1,752 SqFt
Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,752 sqft
Price per Sqft $525
Subdivision Lynnwood
MLS Listing ID A11671618
Year Built 1945
Annual Tax Amount $3,019
Tax Year 2024
Property Sub-Type Triplex
Property Description
Turn-Key Investment in Prime Location!
This beautifully remodeled corner lot property is in a family-friendly neighborhood near Coral Gables and minutes from the airport. Currently set up as three units: a 1-bed/1-bath, 2-bed/1-bath, and 1-bed/1-bath, it offers great flexibility for investors or homeowners.
With the potential to generate $7,500 per month in long-term rental, this is a rare opportunity. Live in one unit, rent the other two, or lease all three for max cash flow—this turn-key property is ready to go, boasting an impressive 9% cap rate.
Enjoy the walkable, family-friendly neighborhood close to parks, schools, shopping, and dining. This is the perfect high-income generating asset in a sought-after community. Don't miss out!
Location
State FL
County Miami-dade
Community Lynnwood
Area 41
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel,Other
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Slesnick and Jochem