2834 Trade Avenue,Attached, Duplex, Villas At Trade Avenue Co

2834 Trade Avenue, Coconut Grove, Florida, 33133

Price $1,075,000.00

  • Lot size 2056
  • Year Build 2012
  • Waterfront
  • Zip 33133
  • Style Attached
  • Parking Description
  • Pool Yes In Ground
  • Status Active

Description

One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.

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VILLAS AT TRADE AVENUE CONDO UNIT 2834 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 28408-0016

East Of US 1

One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.

City:Coconut Grove,Zoning:0000,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2020,Latitude:25.736116,Malone Id:1011329487,Cooling Y N:1,Heating Y N:1,List Price:1075000,Listing Id:A11070793,Longitude:-80.239215,Mls Status:Active,Year Built:2012,Directions:On W Trade Avenue between Mary and Center Streets.,Living Area:2056,Postal Code:33133,Street Name:Trade Avenue,Coordinates:1:25.736116,Photos Count:30,Building Name:VILLAS AT TRADE AVENUE CO,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Villas At Trade Avenue Co,On Market Date:2021-07-14,Parcel Number:01-41-16-174-0011,Parking Total:3,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Pool Maintenance,3:Sewer,4:Water,Stories Total:2,Street Number:2834,Association Y N:1,M I A M I R E_ Style:Duplex,Public Remarks:One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.,County Or Parish:Miami-Dade County,Expiration Date:2021-10-13,M I A M I R E_ Pool Y N:1,Standard Status:Active,Window Features:1:Blinds,2:High Impact Windows,3:Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3739,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:W,Subdivision Name:VILLAS AT TRADE AVENUE CO,Tax Annual Amount:9987,Total Actual Rent:72000,Unparsed Address:2834 W Trade Avenue, Coconut Grove FL 33133,Listing Agreement:Exclusive Agency,Operating Expense:24000,Year Built Details:Resale,Building Area Total:2056,Building Area Units:Square Feet,Lot Size Square Feet:2056,M I A M I R E_ L P Amt Sq Ft:522.8599,Original List Price:1075000,Public Survey Range:41,I D X Participation Y N:1,Net Operating Income:48000,Number Of Units Total:1,Syndication Remarks:One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.,Listing Contract Date:2021-07-14,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:2834,Tax Legal Description:VILLAS AT TRADE AVENUE CONDO UNIT 2834 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 28408-0016,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:2056,Association Fee Frequency:Monthly,Contract Status Change Date:2021-07-14,Internet Address Display Y N:1,Number Of Units In Community:2,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:522.86,

  • Price $1,075,000.00
  • Price Change: 2021-07-14
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 2012
  • Waterfront
  • View
  • Pool Yes In Ground
  • Style Attached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Marble
  • Property Type Residential Income
  • Status Active
  • Listed 2021-07-14
  • Days on Market 16
  • Furnished
  • City Coconut Grove
  • Zip 33133
  • State Florida
  • Subdivision VILLAS AT TRADE AVENUE CO
  • Development Name VILLAS AT TRADE AVENUE CO, Villas At Trade Avenue Co
  • HOA Fees 0
  • Taxes 9987
  • Taxes Year 2020