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1126 Northwest 58th Terrace

Miami FL 33127

4
1980 sq. ft.
Duplex
Currently for sale - view listing

Overview

The only fully remodeled, permitted, conforming fourplex in the area under $1M, and it sits in a federal Opportunity Zone. Turnkey, fully leased 4-unit in 33127 with an 8.4% in-place cap rate. Four 1/1 units, separately metered for electric. Remodeled under permit. New roof, impact windows, electrical, plumbing, tankless water heaters, kitchens with Samsung black-stainless appliances, and baths. 40-year recertification complete. Gross income $83,400/yr, with rents below the $2,040 Section 8 payment standard: up to $19,320/yr of upside on turnover. Blocks from Related Urban's Liberty Square redevelopment and minutes from the planned Little River district, future Tri-Rail station, Wynwood, and the Design District. 5,680 sf lot with parking for 4. Buy it and collect.

Features

4 carspaces
1980 sq. ft. floor area
Duplex

Property history for 1126 Northwest 58th Terrace

2013
Sold
$90,000
14 Jun 2013 by Justin Manuel, of MJM Capital Realty, Inc.

Happy sellers in Miami

94%
94% of sellers in Miami reported that their sale price either exceeded or met their price expectations.

Miami stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Miami over the last 12 months.

Local market activity for duplexes in Miami

In the last 12 months, 41 duplexes similar to 1126 Northwest 58th Terrace, have been sold.

This represents a 5% decrease in duplexes sales when compared to the previous 12 months.

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