Sold

10621 SW 77th Ct

Pinecrest FL, 33156

$1,870,000


$570.99 per sqft

Sold

3,275 sqft

Multi-family

Built in 2022

*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000

A11239953

MLS ID

July 18, 2022

Listed

February 10, 2024

Updated

Map

10621 SW 77th Ct
Pinecrest FL, 33156

Interior Features

Total Stories

1


Floor Description

Ceramic Floor, Marble


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air, Electric


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Features

1/4 To Less Than 1/2 Acre Lot


Roof

Shingle


Sewer

Septic Tank

Other Property Details

Area Name

Palmetto Duplexes Addn No


Taxes

$12,214


Tax Frequency

Annually


Days on Market

17


Garage

No


Parking Total

4


View

No


County

Miami-Dade County


Pool

No


Pool Features

In Ground, Fenced


Zoning

5700


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

11/10/2023

Sold

$1,870,000

Courtesy of Urban Key Realty Corp with Raphael Hillis,
Listing Contact: 646-620-7375 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 1:30 AM UTC, 2/10/2024.

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