MIAMI, FL 33134

Property Details

• Property Type: Duplex + Single-Family Home
• Total Structures: 2
• Total Rental Units: 3
• Reported Living Areas: 2,224 Sq Ft and 1,355 Sq Ft
• Lot Size: 10,900 Sq Ft
• Year Built: 1952
• Occupancy: Tenant-occupied; all leases are month-to-month
• Buyer Requirement: Buyer to assume tenants

Unit Breakdown & Rental Income

• Structure 1 – Duplex (611 SW 46th Ave)
• Downstairs Unit: 2 Bedrooms / 1 Bathroom – $1,000/month
• Upstairs Unit: $1,500/month
• Separate electrical meters
• Shared water meter
• Structure 2 – Single-Family Home (625 SW 46th Ave)
• Current Rent: $2,000/month
• Month-to-month lease
• Tenant is expected to vacate; buyer should confirm move-out arrangements
• Combined Rental Income: $4,500/month

Major Updates

• Both structures have roofs approximately 4 years old
• Single-family home's kitchen and bathroom renovated approximately 1 year ago
• Rehab & Condition
• Substantial updating needed
• Estimated renovation budget: $200,000
• Unpermitted conversions
• Existing code violations
• Downstairs duplex unit was converted without permits and has an associated violation
• Former carport converted into a bathroom

Purchase Terms

• Sold As-Is
• Cash or Hard Money Only
• Seller selects the escrow/title company
• Buyer pays all closing costs
• Realtors and wholesalers may add their commission
• Buyer to complete inspections and due diligence before contract execution

For inquiries, call or text: 623-498-2126