35 NW 48th Pl

MIAMI, FL 33126
$645,000
Active | 2054 sqft

Description

TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, BRAND NEW ROOF, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases. Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.

  • Property Details
    • Property
      • Stories:1
      • Lot description:Less Than 1/4 Acre Lot
    • Measurements
      • Square Feet:2054
  • Construction Details
    • Type & Style
      • Property type:Townhouse/Duplex
    • Condition
      • Built in:1957
      • Year built:1957
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Municipal Water
  • Community and Neighborhood Details
    • Location
      • County:Miami-Dade County
    • Community
      • Subdivision:PINEHURST VILLA 2ND ADDN
  • Financial Details
    • Pricing Details
      • Original list_price:$645,000
      • Selling office_commission:3%
      • Annual taxes:$7,366
  • Other
    • Source
      • MLS #:A11083955

Location

Marjo Realty Co.Real Estate Group
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