Pinecrest, FL 33156,10621 SW 77th Ct
Pinecrest, FL 33156,10621 SW 77th Ct
Pinecrest, FL 33156,10621 SW 77th Ct
37
$1,870,000
$1,970,000
5.1%
Est.Price: ?

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3,275 SqFt

10621 SW 77th Ct Pinecrest, FL 33156

Est. payment /mo
SOLD DATE : 09/01/2022

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Key Details

Sold Price $1,870,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,275 sqft

Price per Sqft $570

Subdivision Palmetto Duplexes Addn No

MLS Listing ID A11239953

Sold Date 09/01/22

Construction Status Effective Year Built

HOA Y/N No

Year Built 2022

Annual Tax Amount $12,214

Tax Year 2021

Contingent Pending Inspections

Property Description

*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

Location

State FL

County Miami-dade County

Community Palmetto Duplexes Addn No

Area 50

Interior

Heating Other

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Ceramic Tile, Marble

Exterior

Pool Fenced, In Ground, Other, Pool

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 1

Sewer Septic Tank

Level or Stories One

New Construction true

Construction Status Effective Year Built

Others

Tax ID 20-50-10-037-0020

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Listed by Urban Key Realty Corp
Bought with LP Realty, LLC.

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agent

Dalziel Rodriguez

Real Estate Specialist® | License ID: 3612901

+1(786) 602-9773

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