580 58th St ,Detached, Duplex, Buena Vista Gardens for Sale

580 58th St for Sale

Price $784,900.00

• Lot size 2700
• Year Build 2008
• Waterfront
• Zip 33127
• Style Detached
• Parking Description
• Pool Yes
• Status Pending

Description

Turnkey solution for passive investors located in a booming area with an actual cap rate of 8.13% and a pro forma cap rate of 8.44%. 2008 built duplex completely renovated in 2023 and located within an opportunity zone. Easy to manage. One home is currently leased to Section 8 while the other is leased to a long term tenant. Renovations include: All new wood cabinets w/ quartz countertops & stainless-steel appliances and updated luxury vinyl plank flooring. Unique feature of this duplex is the buildings are detached homes appealing to single family renters which tend to pay a premium when compared to traditional duplexes. Low maintenance, impressive finishes & headache free easy to manage. Proximity to Design District, Wynwood and Edgewater has fueled the gentrification of neighborhood.

BUENA VISTA GARDENS PB 5-45 LOT 1 LESS EXT AREA OF CURVE IN NE COR FOR R/W BLK 4 LOT SIZE 48.930 X 125 COC 22794-0136 11 2004 2

Less Than 1/4 Acre Lot

Turnkey solution for passive investors located in a booming area with an actual cap rate of 8.13% and a pro forma cap rate of 8.44%. 2008 built duplex completely renovated in 2023 and located within an opportunity zone. Easy to manage. One home is currently leased to Section 8 while the other is leased to a long term tenant. Renovations include: All new wood cabinets w/ quartz countertops & stainless-steel appliances and updated luxury vinyl plank flooring. Unique feature of this duplex is the buildings are detached homes appealing to single family renters which tend to pay a premium when compared to traditional duplexes. Low maintenance, impressive finishes & headache free easy to manage. Proximity to Design District, Wynwood and Edgewater has fueled the gentrification of neighborhood.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.8285561,Cooling Y N:1,Heating Y N:1,List Price:784900,Listing Id:A11467470,Longitude:-80.2054856,Mls Status:Pending,Year Built:2008,Living Area:2565,Possession:1:Rental Agreement,Postal Code:33127,Street Name:58th St,Coordinates:1:25.8285561,Building Name:BUENA VISTA GARDENS,Days On Market:1,Listing Terms:1:Conventional,2:FHA,3:VA Loan,Lot Size Units:Square Feet,M L S Area Major:Buena Vista Gardens,On Market Date:2023-10-10,Parcel Number:01-31-13-042-0880,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:1,Street Number:580,M I A M I R E_ Style:Duplex,Public Remarks:Turnkey solution for passive investors located in a booming area with an actual cap rate of 8.13% and a pro forma cap rate of 8.44%. 2008 built duplex completely renovated in 2023 and located within an opportunity zone. Easy to manage. One home is currently leased to Section 8 while the other is leased to a long term tenant. Renovations include: All new wood cabinets w/ quartz countertops & stainless-steel appliances and updated luxury vinyl plank flooring. Unique feature of this duplex is the buildings are detached homes appealing to single family renters which tend to pay a premium when compared to traditional duplexes. Low maintenance, impressive finishes & headache free easy to manage. Proximity to Design District, Wynwood and Edgewater has fueled the gentrification of neighborhood.,County Or Parish:Miami-Dade County,Expiration Date:2023-12-31,List Office Name:Resivest Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1518,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BUENA VISTA GARDENS,Tax Annual Amount:8967,Total Actual Rent:76800,Unparsed Address:580 NW 58th St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Operating Expense:12968,Year Built Details:Effective Year Built,Building Area Total:2700,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:306.0039,Original List Price:784900,Public Survey Range:31,Documents Available:1:Deposit - Security,I D X Participation Y N:1,Net Operating Income:63832,Number Of Units Total:2,Syndication Remarks:Turnkey solution for passive investors located in a booming area with an actual cap rate of 8.13% and a pro forma cap rate of 8.44%. 2008 built duplex completely renovated in 2023 and located within an opportunity zone. Easy to manage. One home is currently leased to Section 8 while the other is leased to a long term tenant. Renovations include: All new wood cabinets w/ quartz countertops & stainless-steel appliances and updated luxury vinyl plank flooring. Unique feature of this duplex is the buildings are detached homes appealing to single family renters which tend to pay a premium when compared to traditional duplexes. Low maintenance, impressive finishes & headache free easy to manage. Proximity to Design District, Wynwood and Edgewater has fueled the gentrification of neighborhood.,Listing Contract Date:2023-10-10,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Call Listing Agent,Street Number Numeric:580,Tax Legal Description:BUENA VISTA GARDENS PB 5-45 LOT 1 LESS EXT AREA OF CURVE IN NE COR FOR R/W BLK 4 LOT SIZE 48.930 X 125 COC 22794-0136 11 2004 2,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3.0%,M I A M I R E_ Adjusted Area S F:1380,Contract Status Change Date:2023-10-10,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3.0%,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:306,Internet Automated Valuation Display Y N:1,