Pinecrest, FL 33156,11690 SW 81st Rd
See all 17 photos
Pinecrest, FL 33156,11690 SW 81st Rd
Pinecrest, FL 33156,11690 SW 81st Rd
Pinecrest, FL 33156,11690 SW 81st Rd
Pinecrest, FL 33156,11690 SW 81st Rd

$1,460,000

Est. payment /mo

$1,400,000

4.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

11690 SW 81st Rd Pinecrest, FL 33156

3,282 SqFt

SOLD DATE : 01/06/2022

Key Details

Sold Price $1,460,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,282 sqft

Price per Sqft $444

Subdivision Suniland Terrace

MLS Listing ID A11119152

Sold Date 01/06/22

Construction Status Effective Year Built

HOA Y/N No

Year Built 2021

Annual Tax Amount $10,720

Tax Year 2020

Contingent No Contingencies

Property Description

*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED*

Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage.

Monthly rent $5,500
Yearly property taxes $15,000 (includes post-purchase adjustment)
Yearly insurance $4,000
Yearly utilities & misc costs $2,400
Total expenses $21,400
Total income $132,000

***NOI $110,600*** @ ~8% cap rate = $1,400,000

Location

State FL

County Miami-dade County

Community Suniland Terrace

Area 50

Interior

Heating None

Cooling Central Air, Electric

Flooring Marble, Terrazzo, Tile

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 1

Sewer Septic Tank

Level or Stories One

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 20-50-10-013-0350

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Urban Key Realty Corp
Bought with Keller Williams Capital Realty

Melissa Carbonell

Broker Associate | License ID: BK3269988

+1(954) 817-2604

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.