10501-10503 172 ,Attached, Duplex, West Perrine Addn for Sale

10501-10503 172 for Sale

Price $749,000.00

• Lot size 2492
• Year Build 2008
• Waterfront
• Zip 33157
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Excellent duplex investment opportunity with active Section 8 in a quiet neighborhood. Each unit features 3 bedrooms and 2 bathrooms, central A/C, and separate water and electric meters.The unit has been recently painted, has new impact windows and a new air conditioner. The roof is in perfect condition. Property is fully approved for Section 8, and both current tenants are Section 8, providing stable and reliable income. Current rents: ? Unit 10501: $3,200/month ? Unit 10503: $3,330/month Total monthly income: $6,530 Annual gross income: $78,360 Each unit has its own folio, offering flexibility for future ownership or financing strategies. With estimated operating expenses at 15%, the property delivers a strong NOI of approximately $66,606 annually, resulting in an estimated Cap Rate of ~8.9% at the asking price. Ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Please do not disturb the tenants.

RC I CONDO UNIT 1 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 26533- 3644

Less Than 1/4 Acre Lot

Excellent duplex investment opportunity with active Section 8 in a quiet neighborhood. Each unit features 3 bedrooms and 2 bathrooms, central A/C, and separate water and electric meters.The unit has been recently painted, has new impact windows and a new air conditioner. The roof is in perfect condition. Property is fully approved for Section 8, and both current tenants are Section 8, providing stable and reliable income. Current rents: ? Unit 10501: $3,200/month ? Unit 10503: $3,330/month Total monthly income: $6,530 Annual gross income: $78,360 Each unit has its own folio, offering flexibility for future ownership or financing strategies. With estimated operating expenses at 15%, the property delivers a strong NOI of approximately $66,606 annually, resulting in an estimated Cap Rate of ~8.9% at the asking price. Ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Please do not disturb the tenants.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:25.6096454,Cooling Y N:1,Heating Y N:1,List Price:749000,Listing Id:A11945969,Longitude:-80.3633457,Mls Status:Active,Year Built:2008,Living Area:2492,Postal Code:33157,Street Name:172,Coordinates:1:25.6096454,Photos Count:14,Building Name:WEST PERRINE ADDN,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:50,M L S Area Major:West Perrine Addn,On Market Date:2026-01-14,Parcel Number:30-50-32-075-0010,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:10501-10503,M I A M I R E_ Style:Duplex,Public Remarks:Excellent duplex investment opportunity with active Section 8 in a quiet neighborhood. Each unit features 3 bedrooms and 2 bathrooms, central A/C, and separate water and electric meters.The unit has been recently painted, has new impact windows and a new air conditioner. The roof is in perfect condition. Property is fully approved for Section 8, and both current tenants are Section 8, providing stable and reliable income. Current rents: ? Unit 10501: $3,200/month ? Unit 10503: $3,330/month Total monthly income: $6,530 Annual gross income: $78,360 Each unit has its own folio, offering flexibility for future ownership or financing strategies. With estimated operating expenses at 15%, the property delivers a strong NOI of approximately $66,606 annually, resulting in an estimated Cap Rate of ~8.9% at the asking price. Ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Please do not disturb the tenants.,County Or Parish:Miami-Dade County,Expiration Date:2026-07-14,List Office Name:Avanti Way Brickell,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:WEST PERRINE ADDN,Tax Annual Amount:4157,Unparsed Address:10501-10503 SW 172, Miami FL 33157,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2492,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:300.5618,Original List Price:749000,Public Survey Range:55,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Excellent duplex investment opportunity with active Section 8 in a quiet neighborhood. Each unit features 3 bedrooms and 2 bathrooms, central A/C, and separate water and electric meters.The unit has been recently painted, has new impact windows and a new air conditioner. The roof is in perfect condition. Property is fully approved for Section 8, and both current tenants are Section 8, providing stable and reliable income. Current rents: ? Unit 10501: $3,200/month ? Unit 10503: $3,330/month Total monthly income: $6,530 Annual gross income: $78,360 Each unit has its own folio, offering flexibility for future ownership or financing strategies. With estimated operating expenses at 15%, the property delivers a strong NOI of approximately $66,606 annually, resulting in an estimated Cap Rate of ~8.9% at the asking price. Ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Please do not disturb the tenants.,Listing Contract Date:2026-01-14,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:10501,Tax Legal Description:RC I CONDO UNIT 1 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 26533- 3644,M I A M I R E_ Current Price:749000,Public Survey Township:55,M I A M I R E_ Municipal Code:30,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Investment Opportunity ? Duplex with Active Section 8 Excellent duplex investment property, ideal for investors seeking stable cash flow from day one,M I A M I R E_ Parcel Number M L X:0010,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$25.6098$-80.3305$177.89$13.33$1.00$xXHu1RJgZN6sJD_dU1o2uw,Contract Status Change Date:2026-01-14,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:75,M I A M I R E_ Agent Alternate Phone:305-484-7353,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:10501-10503 SW 172,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:300.56,Internet Automated Valuation Display Y N:1,