North Miami Duplex

Description

Check out this amazing concrete block North Miami Duplex. Both units are located on a corner lot and separately metered for electricity and water. One unit consists of three bedrooms and two bathrooms, and the second unit consists of two bedrooms and two bathrooms. Currently, one unit is tenant-occupied at an under-market rent of $1,200 a month however, the tenant will be in the process of vacating. Regarding the extent of the renovations, all exterior and interior will need to be repaired and renovated. With such strong market activity nearby we’re estimating an after-repair value of $660,000 as a buy-and-hold strategy market rental rates for similar size units are as high as $2,400. Multifamily opportunities are rare in North Miami