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Archived over 5 years ago

$428,000

3 bd 3 ba 1785 sqft

13701 NE 20th Ln, North Miami Beach, FL 33181

Residential Triplex

Current Rent **

$6,545

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $2,550
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 650 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $2,550
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 650 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,445
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 485 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Turnkey Cash Cow Miami Beach Vacation Rental

ATTENTION INVESTORS...Over 12%+ estimated CAP RATE. Incredible cash cow opportunity! Location, location! Highest & best use for SHORT-TERM, VACATION rentals. Has amazing 5 star review track record and rented over 200 days out of the year. Building consists of two 1/1s (rent at $150 nightly + $75 cleaning fee) and 1 studio (rents at $85 nightly +$75 cleaning fee), plus a shared laundry room with coin operated commercial W/D that brings in additional income. Beautiful, turnkey, FULLY furnished 1,785 sq ft triplex. Wood-frame construction. Some renovations include: bamboo wood floors, new granite countertops, SS appliances. Gas-range stove in every unit. Updated bathrooms. Roof done in 2010. Needs NO work!! Estimated income over $77,000 with all 3 units rented 200 days out of the year.

Call or text Mei 954-670-4250
email: [email protected]

Location:

13701 NE 20th Ln, North Miami Beach, FL 33181

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.