|
|
Price Reduction for a Quick Sale, Now Offer at this Incredible Price of $1, 299, 000 – Exceptional Investment Opportunity
Discover an incredible opportunity to own a newly constructed Duplex offering outstanding value and long-term upside. This modern building features two spacious units, each designed with comfort, style, and functionality in mind.
Property Features
Two Units – Each 3 Bedrooms / 2 Bathrooms
Brand-new construction with modern finishes
High-quality workmanship throughout
Perfect for both investors and owner-occupants
Strong rental income potential in a high-demand area
Why This Is a Smart Investment:
Priced to sell fast at $1, 299, 000 – well below typical values for new construction in this corridor.
Buyers consistently pay a premium for Miami Shores proximity, charm, and lifestyle
Excellent dual-income potential:
Live in one unit and rent the other, or Rent both units for maximum cash flow
New construction advantage: lower maintenance, higher rents, and stronger appreciation compared to older properties
Long-Term Upside:
Miami Shores and surrounding neighborhoods continue to grow in popularity, driven by their location, community character, and access to Miami’s core. New construction duplexes in this area are rare and highly sought after making this an opportunity that will not last.
Brand-new construction duplex nearing completion, expected to be delivered by the end of the month. This modern property consists of two (2) spacious 3-bedroom / 2-bathroom units, designed to meet strong rental demand in the area.
Each unit features a full appliance package including refrigerator, stove, dishwasher, and microwave, along with in-unit washer and dryer. The property is equipped with two (2) central A/C systems (2. 5 tons each), two (2) tankless water heaters, and a brand-new perimeter fence.
The building is separately metered with two water meters and two electrical meters, allowing tenants to pay their own utilities, significantly reducing landlord expenses and improving overall operating efficiency.
Projected market rents for new construction 3-bedroom units in the area are estimated between $3, 500 and $4, 500 per unit per month, offering strong income potential.
Current expenses are minimal due to ongoing construction. Property taxes are currently based on vacant land and will be reassessed by Miami-Dade County upon completion and issuance of the Certificate of Occupancy. Landscaping is approximately $80 per month. Insurance will be obtained once construction is completed.
This is an excellent opportunity for investors seeking a turnkey, low-maintenance asset with strong rental upside and efficient expense structure.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.385% | 6.223% |
| Monthly Tax Payment | $346 | $346 | $346 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,147 | $6,399 | $8,769 |
| Total Monthly Payment | $6,618 | $6,870 | $9,240 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.