Downtown Miami 🚀 Ultra Rare Fully Furnished Turnkey Subto Duplex Off Market

Miami-Dade County, Miami, FL, 33150 view full address
For Sale
Listed at: March 29th, 2024
Price
$60,000
Sq. Footage
1008
Type
Multifamily
Parking
Driveway
Year build
1953
Lot size
0.09 acres
Bedrooms
2
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

🚀 Ultra Rare Subto Hybrid Duplex in the Heart of Miami 🌴

Prime Location for Major Appreciation and Cash Flow - Multiple Profitable Exit Strategies - Fully Furnished - Downtown Miami - Turnkey & Updated - Off Market 

📍 Property Overview:

Property Type: Duplex

Size: 504 sqft per unit

Year Built: 1953, renovated in 2005

Layout: 1 Bedroom / 1 Bathroom per unit

HOA: None - No rental restrictions

 

💰 Financials:

Total Entry Fee: 60k + closing & tc

Interest Rate: 4.75%

PITI: $3,326.26/month

Outstanding Mortgage: $383,024

2nd Note - Seller Finance: $102k (No Monthly Payments)

Balloon: 5 Years (automatic 12 month extension if property doesn’t appraise for at least 700k)

Total Purchase Price: $545,024 (approx)

Current Market Value: $598,000 (Zestimate)

EMD: $5k

 

Profitable Exit Strategies:

LTR Rates: $4,000 - $4,600/month ($2k - 2.3k per unit)

MTR Projection:  +$5,000/month (+$2500 per unit)

STR Projection: +$5,200/month ($2.6k - 6k per unit)

 

🌆 Location Highlights:

Miami Freedom Park (Lionel Messi Stadium): 14 min away

Miami International Airport: 15 min

Downtown Miami: Less than 10 min away

Major Hospitals: Less than 10 min

Miami Design District: Less than 10 min away

Beach Access: 10 min

 

🚀 Investor’s Edge:

No Banks Needed: Dive into this deal without traditional financing hurdles.

Appreciation & Cash Flow: Located near prime Miami destinations, expect a 7-9% yearly market appreciation.

Versatile Rental Strategy: Ideal for Long-Term, Mid-Term, or Short-Term rentals.

Turnkey: Fully updated and ready to generate income.

Seize this once-in-a-lifetime investment opportunity in one of Miami's most vibrant areas.

 

📞 Contact for More Information:

Coreyonte Turner

Email: Coturner@joehomebuyer.com

Phone: 402-840-7321

Courtesy of Joe Homebuyer Gulf Coast

WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
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