¤Symmes Sharman Tract

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Other Available Information
• Architectural Style: Attached
• Cooling: Central Air
• Heating: Central
• Flooring: Tile
• Construction Materials: Concrete Block Construction, CBS Construction

Description:

Excellent new duplex investment opportunity in a quiet Miami neighborhood. Property completed in December 2024. Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, and separate water and electric meters. Both units are approved for Section 8, offering stable and reliable income.
Current rents:
• Unit 1: $3,200 / month
• Unit 2: $3,748 / month
Total monthly income: $6,948
Annual gross income: $83,376
Estimated operating expenses: 13% (~$10,839/year)
Net Operating Income (NOI): $72,537/year
Cap Rate: ~8.5% at asking price of $849,000
Estimated ROI: ~34.2% (assuming 25% down payment, before appreciation and tax benefits)
This property is ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation

---

Report Listing This listing was syndicated through:

Listing ID: A11907905