Duplex

2/1 & 2/1
MULTIFAMILY 2-9 UNITS
Zoning: 0104
Frontage: 1,545 ft
Depth: 106 ft
Lot Size: 0.1217 acres / 5,300 sf
Built: 1955
2022 taxes: $1,347.09

~ Passive income opportunity ~
Located in “Princess Park” Subdivision

Unit 166 – 2bed/1bath:
Seller lives here. Owner occupied
Has own water and electric meter

Unit 168—2 bed/1bath:
Rented out for $2,500 on Month-Month
Year Lease and Lease expires on November 7th 2024
Roof was fully replaced in 2017
Has own water and electric meter

Home improvements:
Kitchen was fully updated in 2021
Appliances were purhcased new in 2019/2020
Central A/C
Impact Doors and Impact Windows were put in 2019

Owner expenses:
$70/Month for the yeard work
Property Insurance? $3,500/Yearly
City sewer,Property has ample back yard for expansion
Local rents for 2/1 can rent up to $2,500
Centrally located near the Miami Design District, Midtown and Wynwood Art District,
this property has the potential for higher ROI. Conveniently located near major expressways,
minutes away from Miami Beach, Downtown, hospitals, schools, shopping & dining.
Great income producing opportunity for long or short-term rental.

Wholesale price: $1,069,900

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All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal? Let’s JV
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs.
$5,000 Non-Refundable earnest money to be deposited by NOON of the following day or contract will be cancelled. Buyer must close with cash or hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.

REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.

WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.