South Miami, FL 33143,6053 SW 63rd Ter

$675,000

$695,000

2.9%
Est.Price: ?

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Est. payment /mo

1,320 SqFt


SOLD DATE : 03/31/2023

Key Details

Sold Price $675,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $511

Subdivision Franklin Sub

MLS Listing ID A11344977

Sold Date 03/31/23

Construction Status Effective Year Built

HOA Y/N No

Year Built 1964

Annual Tax Amount $5,139

Tax Year 2022

Contingent Pending Inspections

Property Description

Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables, Dadeland, shopping, dining, entertainment and also in a good school district with easy access to major highways. Don't miss out on this amazing opportunity to own a rental property with tons of upside potential in one of the hottest markets in Miami. Schedule a showing today!

Location

State FL

County Miami-dade County

Community Franklin Sub

Area 40

Direction GPS

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Window Features Blinds

Exterior

Exterior Feature Fence

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 5

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 09-40-25-010-0730

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Conventional

Special Listing Condition Listed As-Is

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Listed by Real Estate Sales Force
Bought with Florida Realty of Miami Corp
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(617) 733-2519

peter.giannikopoulos@elliman.com

5555 Biscayne Blvd # 302, Miami, Florida, 33137, United States

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