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2834 W Trade Avenue
Out Of Market
Recommend
Out Of Market
21
Home61's Closings in
Coconut Grove
Amenities
Key features
Living area
2,056 sqft
Maintenance
$ 0
Tax
$9,987 (2020)
Tenant Occupied
No
Parking Space
3
Floor #
0 / 2
Building
VILLAS AT TRADE AVENUE CO
On market
1011 days
$ /sqft
$ 523
Type
apartment
Unit
-
Year Built
2012
Zip Code
33133
Ref./MLS ID
A11070793
DESCRIPTION
One town home for sale for investors! sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. Noi $48,000. Cap rate (return on investment): 4. 5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. Ez to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.
Data is provided by Miami Board of Realtors.
Public transportation
Coconut Grove
Orange line
Green line
4 mins
SW 27 Av & BiRd Rd
249
2 mins
SW 27 Av & BiRd Av
249
2 mins
SW 27 Av & Coconut Av
22
249
2 mins
Nearby School In Coconut Grove
Data Provided by greatschools.org
Neighborhood
Coconut Grove
- univerity of miami
- shopping
- restaurants
- bars
- nightlife
- students
- parks
Listed on July 14, 2021 by Berk Boge from Miami Real Estate Company, this apartment is for sale. apartment for sale in Coconut Grove listed at $1,075,000, Reference A11070793
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.