Duplex In "Princess Park" Sub. With Potential For Expansion ⛏🏡

Description

~ Buy and Hold ~
Passive income opportunity

Located in “Princess Park” Subdivision

Home improvements:
Kitchen was fully updated in 2021
Appliances were purhcased new in 2019/2020
Central A/C
Impact Doors and Impact Windows were put in 2019

Centrally located near the Miami Design District, Midtown and Wynwood Art District,
this property has the potential for higher ROI. Conveniently located near major expressways,
minutes away from Miami Beach, Downtown, hospitals, schools, shopping & dining.
Great income producing opportunity for long or short-term rental.

Key Features 🔑
25 minutes from Miami Beach 🏖️

32 minutes from International Mall 🛒

18 minutes from Miami Airport ✈️

Property Details 🏠
Rehab Level: Light

Construction: Block

Electrical Panel: Good Condition

Air Conditioner: 5 years old

Water Heater: Good Condition

Roof: 7 years

Occupancy: Rented

Opportunity💰
POTENTIAL FOR EXPENSION AND INCREASE YOUR INCOME

Unit 166 – 2bed/1bath:
Seller lives here. Owner occupied
Has own water and electric meter

Unit 168—2 bed/1bath:
Rented out for $2,500 on Month-Month
Year Lease and Lease expires on November 7th 2024
Roof was fully replaced in 2017
Has own water and electric meter

Owner expenses:
$70/Month for the yeard work
Property Insurance? $3,500/Yearly

City sewer,Property has ample back yard for expansion

Local rents for 2/1 can rent up to $2,500