NOT LISTED FOR SALE

11690 SW 81st Rd Miami, FL 33156

Pinecrest Area
3 Beds
-- Bath
3,282 Sq Ft
2021 Built

Sale Details

Date Sold: January 6, 2022

Last sale price $1,460,000 $445 Per Sq Ft

23 Days on Market

Highlights

  • Marble Flooring
  • No HOA
  • No Heating
  • Palmetto Elementary School Rated A
  • Central Air
  • 1-Story Property

About This Home

As of January 2022

*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED*Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage.Monthly rent $5,500Yearly property taxes $15,000 (includes post-purchase adjustment)Yearly insurance $4,000Yearly utilities & misc costs $2,400Total expenses $21,400Total income $132,000***NOI $110,600*** @ ~8% cap rate = $1,400,000

Last Buyer's Agent

Samar Okung

Keller Williams Capital Realty License #3262375

Keller Williams Capital Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,720

Year Built

  • Built in 2021 | Remodeled

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,282 Sq Ft Home
  • 1-Story Property

Flooring

  • Marble
  • Tile
  • Terrazzo

Utilities

  • Central Air
  • No Heating
  • Separate Meters
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2050100130350

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Suniland Terrace Subdivision

Building Details

  • Gross Income $132,000
  • Net Operating Income $110,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,720

Year Built

Built in 2021 | Remodeled

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Year Built: 2021
  • New Construction: No
  • Structure Type: Duplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Marble, Terrazzo, Tile
  • Living Area: 3282.0
  • Stories: 1

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Updated/Remodeled
  • Roof: Shingle

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: None, Separate Meters
  • Heating Yn: No
  • Sewer: Septic Tank
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 2050100130350
  • Mobile Dim Units: Feet
  • Zoning: 5700

Multi Family

  • Property Net Operating Income: 110600.0
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 132000.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 10720.0

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2022 01/06/22 Sold $1,460,000 +4.3% $445 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $1,400,000 +83.0% $427 / Sq Ft
01/08/2021 01/08/21 Sold $765,000 -7.3% $233 / Sq Ft View Prior Sale
11/30/2020 11/30/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $825,000 -- $251 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11119152

BeachesMLS (Greater Fort Lauderdale)
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