35 48th Pl,Attached, Duplex, Pinehurst Villa 2nd Addn

35 48th Pl, Miami, Florida, 33126

Price $645,000.00

  • Lot size 2204
  • Year Build 1957
  • Waterfront
  • Zip 33126
  • Style Attached
  • Parking Description
  • Pool Yes
  • Status Pending

Description

TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases (recently renewed). Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.

Tenants have been great throughout COVID. Therefore, Landlord is limiting showings to qualified buyers with an Executed Contract/LOI.

2ND ADDN TO PINEHURST VILLA PB 6-157 LOT 8 LOT SIZE 50.000 X 149 OR 13332-917 0687 1

Less Than 1/4 Acre Lot

TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases (recently renewed). Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.

City:Miami,Zoning:5700,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2020,Latitude:25.7720021,Malone Id:2093750345,Cooling Y N:1,Heating Y N:1,List Price:645000,Listing Id:A11083955,Longitude:-80.2750497,Mls Status:Pending,Year Built:1957,Living Area:2054,Postal Code:33126,Street Name:48th Pl,Contingency:No Contingencies,Coordinates:1:25.7720021,Photos Count:38,Building Name:PINEHURST VILLA 2ND ADDN,Days On Market:45,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Pinehurst Villa 2nd Addn,On Market Date:2021-08-03,Parcel Number:01-41-06-022-0070,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:35,M I A M I R E_ Style:Duplex,Off Market Date:2021-09-17,Public Remarks:TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases (recently renewed). Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.,County Or Parish:Miami-Dade County,Expiration Date:2022-02-02,Private Remarks:Tenants have been great throughout COVID. Therefore, Landlord is limiting showings to qualified buyers with an Executed Contract/LOI.,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:5121,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PINEHURST VILLA 2ND ADDN,Tax Annual Amount:7366,Total Actual Rent:52080,Unparsed Address:35 NW 48th Pl, Miami FL 33126,Listing Agreement:Exclusive Right To Sell,Operating Expense:18504,Year Built Details:Effective Year Built,Building Area Total:2204,Building Area Units:Square Feet,Lot Size Square Feet:2204,M I A M I R E_ L P Amt Sq Ft:314.0214,Original List Price:645000,Public Survey Range:41,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Net Operating Income:33576,Number Of Units Total:3,Syndication Remarks:TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases (recently renewed). Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.,Listing Contract Date:2021-08-03,Originating System I D:miamire,Public Survey Section:6,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:35,Tax Legal Description:2ND ADDN TO PINEHURST VILLA PB 6-157 LOT 8 LOT SIZE 50.000 X 149 OR 13332-917 0687 1,Public Survey Township:41,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:2081,Contract Status Change Date:2021-09-17,Internet Address Display Y N:1,Number Of Units In Community:3,Transaction Broker Compensation:3%,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:314.02,

  • Price $645,000.00
  • Price Change: 2021-08-12
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1957
  • Waterfront
  • View
  • Pool Yes
  • Style Attached
  • Construction Concrete Block Construction, CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Pending
  • Listed 2021-08-12
  • Days on Market 31
  • Furnished
  • City Miami
  • Zip 33126
  • State Florida
  • Subdivision PINEHURST VILLA 2ND ADDN
  • Development Name PINEHURST VILLA 2ND ADDN, Pinehurst Villa 2nd Addn
  • HOA Fees
  • Taxes 7366
  • Taxes Year 2020