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