For more information regarding the value of a property, please contact us for a free consultation.
1759 SW 4th St Miami, FL 33135
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,144 sqft
Price per Sqft $221
Subdivision Idlewild Park
MLS Listing ID A10838522
Sold Date 07/01/20
Construction Status Resale
HOA Y/N No
Year Built 1979
Annual Tax Amount $7,322
Tax Year 2019
Contingent 3rd Party Approval
Property Description
REDUCED FOR A QUICK SALE! POSSIBLE 9-12% cap! Legal duplex, with separate meters, consisting of two 3/2s, currently rented at below market price of $1800 and $1750. (Leases end on November.) Each unit has a separate master unit with its own entrance, which could be rented separately. In that case the rent could be $1600+$1000+$1600+$1000=$5200. If you rent the 1/1s separately, the cash CAP becomes 7% and 19% 30 year annualized CAP with mortgage. Since you will own the property in 30 years, you should ad the increase of equity, and we call that the "30 year annualized CAP". If renting under section 8 their "Fair Market Rent" for Miami-Dade as of March 1, 2020 for a 3 bedroom is $2121.
Location
State FL
County Miami-dade County
Community Idlewild Park
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Terrazzo
Exterior
Exterior Feature Patio, Storm/Security Shutters
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Porch Patio
Total Parking Spaces 5
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 01-41-03-014-1530
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing 1031 Exchange
Read Less
Bought with North America Realty Advisors
GET MORE INFORMATION