6053 63rd Ter ,Detached, Duplex, Franklin Sub for Sale

6053 63rd Ter for Sale

Price $695,000.00

• Lot size 1367
• Year Build 1964
• Waterfront
• Zip 33143
• Style Detached
• Parking Description
• Pool Yes
• Status Active With Contract

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!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11344977 Please use SHOW ASSIST by Appointment Only. AS-IS Sale. Offers must include PQ Letter and DU. Cash Offers must show POF. Any questions, please text listing agent.

FRANKLIN SUB PB 5-34 LOT 74 LESS S17.50FT BLK 13 & 7.5 FT ALLEY LYG E & ADJ CLOSED PER R-92-1515 LOT SIZE 57.500 X 83 OR 16059-3132 0993 4 C

Less Than 1/4 Acre Lot

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!

City:South Miami,Zoning:0100,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:25.7119239,Cooling Y N:1,Heating Y N:1,List Price:695000,Listing Id:A11344977,Longitude:-80.2923884,Mls Status:Active With Contract,Year Built:1964,Directions:GPS,Living Area:1320,Postal Code:33143,Street Name:63rd Ter,Contingency:Pending Inspections,Coordinates:1:25.7119239,Photos Count:31,Building Name:FRANKLIN SUB,Days On Market:12,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M L S Area Major:Franklin Sub,On Market Date:2023-02-18,Parcel Number:09-40-25-010-0730,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:6053,M I A M I R E_ Style:Duplex,Public Remarks: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!,County Or Parish:Miami-Dade County,Expiration Date:2023-08-18,List Office Name:Real Estate Sales Force,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:2212,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:FRANKLIN SUB,Tax Annual Amount:5139,Unparsed Address:6053 SW 63rd Ter, South Miami FL 33143,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:1367,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:526.5152,Original List Price:695000,Public Survey Range:40,I D X Participation Y N:1,Number Of Units Total:2,Syndication Remarks: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!,Listing Contract Date:2023-02-18,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:24 Hour Notice,Appointment Only,Showing Assist,Street Number Numeric:6053,Tax Legal Description:FRANKLIN SUB PB 5-34 LOT 74 LESS S17.50FT BLK 13 & 7.5 FT ALLEY LYG E & ADJ CLOSED PER R-92-1515 LOT SIZE 57.500 X 83 OR 16059-3132 0993 4 C,Public Survey Township:40,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:1332,Contract Status Change Date:2023-03-01,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.5%,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:526.52,