11690 81st Rd,Duplex, Suniland Terrace

11690 81st Rd, Pinecrest, Florida, 33156

Price $1,400,000.00

  • Lot size 3550
  • Year Build 2021
  • Waterfront
  • Zip 33156
  • Style
  • Parking Description
  • Pool Yes
  • Status Active With Contract
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Description

*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED* Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly rent $5,500 Yearly property taxes $15,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $21,400 Total income $132,000 ***NOI $110,600*** @ ~8% cap rate = $1,400,000

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SUNILAND TERRACE PB 65-26 LOT 35 LOT SIZE 100.000 X 113 F/A/U 30-5010-013-0350 OR 20036-1924 102001 4

1/4 To Less Than 1/2 Acre Lot

*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED* Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly rent $5,500 Yearly property taxes $15,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $21,400 Total income $132,000 ***NOI $110,600*** @ ~8% cap rate = $1,400,000

City:Pinecrest,Zoning:5700,Cooling:1:Electric,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2020,Flooring:1:Terrazzo,2:Tile,Cooling Y N:1,List Price:1400000,Listing Id:A11119152,Mls Status:Active With Contract,Year Built:2021,Living Area:3282,Postal Code:33156,Street Name:81st Rd,Contingency:No Contingencies,Coordinates:1:25.662792,Photos Count:17,Building Name:SUNILAND TERRACE,Days On Market:23,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M L S Area Major:Suniland Terrace,On Market Date:2021-11-01,Parcel Number:20-50-10-013-0350,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:1,Street Number:11690,M I A M I R E_ Style:Duplex,County Or Parish:Miami-Dade County,Expiration Date:2022-11-01,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:4416,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:SUNILAND TERRACE,Tax Annual Amount:10720,Total Actual Rent:132000,Unparsed Address:11690 SW 81st Rd, Pinecrest FL 33156,Listing Agreement:Exclusive Right To Sell,Operating Expense:21400,Year Built Details:Effective Year Built,Building Area Total:3550,Building Area Units:Square Feet,Lot Size Square Feet:3550,M I A M I R E_ L P Amt Sq Ft:426.5692,Original List Price:1400000,Public Survey Range:50,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Investment Analysis,4:Other Available Information,I D X Participation Y N:1,Net Operating Income:110600,Listing Contract Date:2021-11-01,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:Appointment Only,Street Number Numeric:11690,Tax Legal Description:SUNILAND TERRACE PB 65-26 LOT 35 LOT SIZE 100.000 X 113 F/A/U 30-5010-013-0350 OR 20036-1924 102001 4,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:3382,Contract Status Change Date:2021-11-24,Internet Address Display Y N:1,Number Of Units In Community:2,Transaction Broker Compensation:6%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:426.57,

  • Price $1,400,000.00
  • Price Change: 2021-11-01
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 2021
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Marble, Terrazzo, Tile
  • Property Type Residential Income
  • Status Active With Contract
  • Listed 2021-11-01
  • Days on Market 33
  • Furnished
  • City Pinecrest
  • Zip 33156
  • State Florida
  • Subdivision SUNILAND TERRACE
  • Development Name SUNILAND TERRACE, Suniland Terrace
  • HOA Fees
  • Taxes 10720
  • Taxes Year 2020