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3111 NW 59th St

Miami, FL 33142
  • $420,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: A11248747
Price Reduced
$420,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,612
    SQFT
  • $261
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1938
County:

School Information

Elementary School:
Middle School:
High School:

Description

This is the deal your investors are looking for. Incredible cash flow opportunity. A/C, Roof, & Appliances were replaced in 2019. This single family house is subdivided into 4 dwellings, with a total monthly income of $4,180 per month. Expenses are: $500 per month for Electricity + water, & around $350 per month for taxes. 8.6%+ Cap Rate! The property has an illegal addition in the back which is in the process of legalizing, but if new buyers want, they can assume to legalize or demolish themselves. 4 rents, 4 families, one property! 10 % + CAP RATE. SEE BROKER REMARKS

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Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-16T23:52:06.65.
www.roseharrisgroup.com/homes/131389813
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3111 NW 59th St Miami, FL 33142

  • Price: $420,000
  • Status: Active
  • On Site: 18 Days
  • MLS #: A11248747
4
Beds
1
Baths
0
½ Baths
0.12
Acres
1,612
SQFT
$261
$/SQFT
1938
Built
Neighborhood:
Hialeah Heights
County:
Miami-Dade
Area:
Hialeah Heights
Elementary School:
Lorah Park
Middle School:
Miami Springs
High School:
Miami Springs
Property Description
This is the deal your investors are looking for. Incredible cash flow opportunity. A/C, Roof, & Appliances were replaced in 2019. This single family house is subdivided into 4 dwellings, with a total monthly income of $4,180 per month. Expenses are: $500 per month for Electricity + water, & around $350 per month for taxes. 8.6%+ Cap Rate! The property has an illegal addition in the back which is in the process of legalizing, but if new buyers want, they can assume to legalize or demolish themselves. 4 rents, 4 families, one property! 10 % + CAP RATE. SEE BROKER REMARKS
Exterior Features

Architectural Style AttachedOne Story Carport Spaces 2 Construction Materials Cbs Construction Covered Spaces 2 Direction Faces Southeast Fencing Fence Garage YN No Lot Features Less Than 1/4 Acre Lot Parking Features Driveway Pool Private YN No Roof Shingle View None View YN No Waterfront YN No

Interior Features

Adjusted Square Footage 1639 Appliances DishwasherMicrowaveWater PurifierElectric RangeRefrigeratorSelf Cleaning OvenWasher Building Area Total 1692 Cooling Central Air Flooring Tile Heating Central Heating YN Yes Interior Features First Floor EntryOther Room Bedroom Features At Least 1 Bedroom Ground Level

Property Features

Association YN No Building Name Hialeah Heights Community Features None Cooling YN Yes Horse YN No Listing Terms All CashConventionalOther Terms Membership Purch Rqd YN No New Construction YN No Property Sub Type Single Family Residence Public Survey Section 16 Restrictions Ok To LeaseNo Restrictions Senior Community YN No Sewer Public Sewer Structure Type R30-No Pool/No WaterHouse Tax Annual Amount 4307 Tax Year 2021 Water Source Municipal Water Year Built Details Resale Zoning 5700

Listing courtesy of Yaffe International Realty.


Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2022-08-16T23:52:06.65.
 
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The Rose Harris Group | ONE Sotheby's International Realty
119 Washington Ave
Miami Beach FL, 33139