7814 Northwest 5th Court

Miami FL 33150

1907 sq. ft.

Duplex

Currently for sale - view listing

Overview

Property has been renovated. The front unit is currently rented for $2,700 per month through Section 8; however, it is functionally a 2-bedroom plus den, 1-bathroom. The rear unit has a projected rental income of $3,000 per month, both unit have aproximately a gross annual income of approximately $68,400. The property is being sold AS-IS.The second unit features 3 bedrooms and 2 bathrooms. It is currently rented on a short-term basis and includes brand-new appliances and a new A/C system. This unit has the potential to be rented on an annual lease for approximately $3,000 per month. The owner currently pays utilities for the rear unit, while the tenant covers utilities for the front unit. Attachments are available, including the last six months of short-term rental income, as well as water and sewer bills.Ideally located just minutes from the airport, beaches, and major attractions such as Wynwood, Design District, Midtown, and Brickell. Zoned T5-R, this duplex represents a rare opportunity in today’s market, offering an estimated ROI of 7% to 9%.Please do not contact or disturb the tenants. Kindly allow 24 hours’ notice for showings.The property is being sold AS-IS.

Features

2 carspaces

1907 sq. ft. floor area

Duplex

Property history for 7814 Northwest 5th Court

2023

Sold

$228,400

18 Jan 2023 by Stephania Charles, of FIRST CLASS REAL ESTATE, LLC.

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