Updated almost 8 years ago on .
Off-Market Duplex, Hot area of Little Haiti Miami
Price: $ 140,000 CASH ONLY
Est. Rehab: $5000
ARV: $165k
Cap Rate Potential: 10%+
Est. MKT. Rent $1600/month
Current Rent $1000/month
Layout: 1/1 + 1/1 (522 sqft, lot 4058 sqft)
Excellent duplex right down the block from the new Citadel Food Hall development in prime Litte River off of NE 2nd Ave. Legal duplex, two electric meters and one water meter.
2 charming studios currently rented under market value, market rent is $750-$850 which gives you a 10%+ cap rate! Property is not CBS but the entire exterior was recently resurfaced with concrete.
T5-O zoning with vacant lot next door owned by the city.
Find links of the fantastic Citadel development below: https://therealdeal.com/miami/2017/04/12/the-citadel-food-hall-in-little-haiti-ramps-up-for-2017-opening-announces-new-tenants/https://miami.curbed.com/2017/4/12/15204950/miami-the-citadel-little-haiti