NOT LISTED FOR SALE

527 SW 6th Terrace Homestead, FL 33030

Southwest Homestead Neighborhood
12 Beds
2 Baths
2,878 Sq Ft
7,405 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $710,500 $247 Per Sq Ft

29 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Balcony
  • Patio
  • Ceiling Fan

About This Home

As of November 2020

Welcome to your next income opportunity. This Commercial is operating as rooming/boarding house with 18 units and three full baths. 1 shared bath and 9 room on first floor. 2nd floor has one full bath and 9 single rooms. Average unit charged per month is $600. There are total of 18 units in the building. There is also a 2/1 detached currently rented under section 8 for $1450. Owner spent approximately $80K in Renovations New roof , new plumbing and new gate.
There is a current lease on the entire space, and can be renewed if you would like to keep the current tenants, for seamless income immediately! The two story building offers plenty of space for a family or for multiple tenants. Call today to tour this income producing property that is in great condition.

Last Agent to Sell the Property

Evelyn Hsu

American Realty Capital Group, LLC. License #3397661 Listed on: 08/05/2020

Last Buyer's Agent

Sam Mekras

MSP Group, LLC License #3341183

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,325

Year Built

  • Built in 1956

Lot Details

  • Fenced
  • Property is zoned 1900

Parking

  • 4 Parking Spaces

Home Design

  • Substantially Remodeled
  • Flat Roof with Façade front
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,878 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Tile Flooring

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $144,000
  • Rent includes electricity, hot water, gardener, sewer, trash collection, water
  • Assessor Parcel Number 10-78-13-036-1020

Community Details

Overview

  • No Home Owners Association
  • Lincoln Park Addn To Home Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,325

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Property Sub Type: Income/MultiFamily
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: LINCOLN PARK ADDN TO HOME
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Spa Yn: No
  • Flooring: Tile
  • Furnished: Partially Furnished
  • Living Area: 2878
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Flat Roof With Facade Front
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LINCOLN PARK ADDN TO HOME
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 10-78-13-036-1020
  • Zoning: 1900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity, Hot Water, Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 30000
  • Number Of Units In Community: 4
  • Number Of Units Total: 3
  • Annual Operating Expense: 114000
  • Total Actual Rent: 144000

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3325

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2020 11/20/20 Sold $710,500 -11.2% $247 / Sq Ft
08/04/2020 08/04/20 For Sale $799,999 +321.1% $278 / Sq Ft
02/16/2018 02/16/18 Sold $190,000 0.0% $66 / Sq Ft View Prior Sale
01/13/2018 01/13/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $190,000 0.0% $66 / Sq Ft
11/26/2017 11/26/17 Pending -- -- --
11/15/2017 11/15/17 For Sale $190,000 -- $66 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Evelyn Hsu

    Seller's Agent in 2020

    Evelyn Hsu

    American Realty Capital Group, LLC.

    (786) 897-9340

    6 in this area

    50 Total Sales

    Evelyn Hsu
    Section Image
  • Sam Mekras

    Buyer's Agent in 2020

    Sam Mekras

    MSP Group, LLC

    (786) 671-0149

    5 in this area

    56 Total Sales

    Sam Mekras
    Section Image

  • P

    Seller's Agent in 2018

    Patrice Aquart

    Realty One Group Plus

    1 in this area

    11 Total Sales

    Patrice Aquart
    Section Image

  • P

    Buyer's Agent in 2018

    Pablo Garcia

    Home 7 Realty Corp

    (305) 485-4444

    20 Total Sales

    Pablo Garcia
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10905062

MIAMI REALTORS® MLS

APN: 10-7813-036-1020

Florida Miami/Dade County Homestead 33030 Southwest Homestead

527 SW 6th Terrace, Homestead, FL

This home is located at 527 SW 6th Terrace, Homestead, FL 33030 since 05 August 2020. This property was built in 1956. 527 SW 6th Terrace is a home located in Miami-Dade County with nearby schools including Laura C. Saunders Elementary School, Homestead Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for 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.

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