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Turnkey income-producing duplex with flex space on a quiet cul-de-sac in one of Miami's most sought-after rental corridors. Every unit was fully renovated in 2023 with quartz countertops, stainless steel appliances, sleek updated bathrooms, LVP flooring, recessed lighting, and modern fixtures throughout. The infrastructure got the same attention: cast iron pipe lining, cloth wire removal, and new water heaters in every unit. The back unit features impact doors and an insulated terrace ceiling. Each unit has its own laundry hookups, 3+ dedicated parking spaces, and separate living areas that tenants love. All three units are currently leased and producing $7, 750/mo in gross rent with established rental history. This property cash-flows from day one. The roof was done in 2010, the property sits in Flood Zone X, and it's connected to city sewer. Location is everything here. One block to Kinloch Park Elementary and Middle School, four blocks to Presidente, three blocks to Flagler and Le Jeune, and just two miles to MIA Airport and Coral Gables. For investors looking for a fully renovated, fully leased asset in a neighborhood that rents fast and keeps tenants, this is it. All information deemed reliable but not guaranteed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$894,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $715,200 | $715,200 | $715,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.399% | 6.499% | 6.309% |
| Monthly Tax Payment | $1,013 | $1,013 | $1,013 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,346 | $4,462 | $6,084 |
| Total Monthly Payment | $5,451 | $5,567 | $7,189 |
* 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.