$675,000
South Miami, FL 33143
MLS# A11344977
Status: Closed
1367 sqft
1 / 18
Property Description
Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables, Dadeland, shopping, dining, entertainment and also in a good school district with easy access to major highways. Don't miss out on this amazing opportunity to own a rental property with tons of upside potential in one of the hottest markets in Miami. Schedule a showing today!
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2023-02-18
Status: Closed
Original List Price: 695000
Sold Price: $675,000
Current Price: $675,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: South Miami
Municipal Code: 9
Postal Zip: 33143
Subdivision Number: 10
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 6053
Street Direction Prefix: SW
Street Name: 63rd
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33143
Postal Code +4: 2212
Subdivision Name: FRANKLIN SUB
Area: 2400
Parcel Number: 0940250100730
Zoning: 0100
Directions: GPS
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 1332
Living Area Main: 1320
Parking Total: 5
Stories Total: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 1367
Year Built: 1964
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2023-03-31T18:33:53Z
Major Change Type: Status Change
Status Change Date: 2023-04-03
Under Contract Date: 2023-03-01
Close Date: 2023-03-31
Close Price: 675000
Electric
Circuit Breakers: 1
Flooring
Ceramic Tile: 1
Property Condition
Updated/Remodeled: 1
Documents Available
None: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Structure Type
Duplex: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Roof
Shingle: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 5200
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Showing Service: 1
Contingencies
Inspection: 1
Buyer Details
Intended Use: Investment
Buyer State: Florida
Zip Code: 33175
Concessions
Seller Concessions: No
Unit 1 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 2600
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 683
Unit 1 Lease Description
Occupant Type: Vacant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Family Room: 1
Kitchen: 1
Unit 2 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 2600
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 683
Unit 2 Lease Description
Occupant Type: Vacant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Parking Space: 1
Price Calculations
Current Price To SqFt: 511.36
Section Details
Parcel Number MLX: 0730
Financial Information
Tax Annual Amount: 5139
Tax Year: 2022
Tax Legal Description: FRANKLIN SUB PB 5-34 LOT 74 LESS S17.50FT BLK 13 & 7.5 FT ALLEY LYG E & ADJ CLOSED PER R-92-1515 LOT SIZE 57.500 X 83 OR 16059-3132 0993 4 C
Originating Details
Originating System Key: 379026286
Originating System ID: M00000151
Property Features
Documents Available: None
Electric: Circuit Breakers
Fencing: Fenced
Flooring: Ceramic Tile
Property Condition: Updated/Remodeled
Structure Type: Duplex
Construction Materials: Block
Cooling: Central Air
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional; FHA
Possession: Negotiable
Roof: Shingle
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service
Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Family Room; Kitchen
Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Contingencies: Inspection
Listing Office: Real Estate Sales Force
Last Updated: August - 11 - 2026
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