$710,000
$840,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
7201 NE 5th Ave Miami, FL 33138
1,836 SqFt
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,836 sqft
Price per Sqft $386
Subdivision Federal Way Amd/Palm Grove
MLS Listing ID A10809265
Sold Date 05/29/20
Construction Status Resale
HOA Y/N Yes
Year Built 1950
Annual Tax Amount $7,070
Tax Year 2019
Contingent Pending Inspections
Property Description
Fully remodeled desirable corner lot income producing Duplex plus Efficiency at the upcoming Upper East Side or MiMo area. High end Porcelain floors, Stainless steel appliances and quartz counter tops. High impact energy efficient windows. High efficiency appliances and toilets. One block to Biscayne Blvd. Walking distance to restaurants, shoppings, Bay, parks and few minutes driving to the beach. 7 minutes to Miami Design District. 15 minutes to MIA Airport. 15 minutes to Miami Beach. 3 Carport parking spaces plus plenty of free street parking. AAA tenants and Owner unit. NOI: $50,635.87.Cap Rate: 6.03% at asking price. 10-year Proforma Cap Rate: above 8%. Lot 7,540 sqft. Owner/Broker. Own a piece of this fast growing neighborhood!
Location
State FL
County Miami-dade County
Community Federal Way Amd/Palm Grove
Area 32
Interior
Heating Electric
Cooling Electric
Flooring Tile
Window Features Casement Window(s),Impact Glass,Thermal Windows
Exterior
Exterior Feature Fence, Fruit Trees, Security/High Impact Doors, Lighting, Porch, Patio
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Spanish Tile
Porch Open, Patio, Porch
Total Parking Spaces 8
Building
Lot Description Sprinklers Manual, Sprinkler System, < 1/4 Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Block
Construction Status Resale
Others
Tax ID 01-32-07-040-2390
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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Bought with ACC Realty, Inc.