7814 NW 5th Ct, Miami, FL 33150

$599,000 · 1,679 square feet · Active Under Contract

Detached duplex featuring 2 separate houses on 1 lot. Property will only be shown after an offer has been accepted,duplex has been renovated,numbers talks open the attachment. The front unit is currently rented for $2,700 per month through Section 8; however, it is functionally a 2-bedroom plus den, 1-bathroom. The rear unit has a projected rental income of $3,000 per month, both unit have aproximately a NET annual income of approximately $50k. The property is being sold AS-IS.The second unit features 3 bedrooms and 2 bathrooms. It is currently rented on a short-term basis and includes brand-new appliances and a new A/C system. This unit has the potential to be rented on an annual lease for approximately $3,000 per month. The owner currently pays utilities for the rear unit, while the tenant covers utilities for the front unit. Attachments are available, including the last six months of short-term rental income, as well as water and sewer bills.Ideally located just minutes from the airport, beaches, and major attractions such as Wynwood, Design District, Midtown, and Brickell. Zoned T5-R, this duplex represents a rare opportunity in today’s market, offering an estimated ROI of 8% to10%.Please do not contact or disturb the tenants. Kindly allow 24 to 48 hours notice for showings.

Listing courtesy of The Keyes Company, the listing brokerage, 305-931-8920. MLS number A11876984.