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1850 NW 24th Ct Miami, FL 33125
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Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,475 sqft
Price per Sqft $352
Subdivision Wm G Just Sub
MLS Listing ID A11251797
Sold Date 11/09/22
Construction Status Effective Year Built
HOA Y/N No
Year Built 1955
Annual Tax Amount $6,447
Tax Year 2021
Contingent No Contingencies
Property Description
The Curtis Park Triplex. Ideal for fix&flip, BRRRR, or new development investors.
Built in 1955 featuring three 2-bed /1 bath units on a 6,345 SF lot. Zoning T3-O. Value-add opportunity, 2-story building, w/ample parking. Tenants on mth-to-mth lease plus other income generating $4,100/month. Property Taxes $6,563/yr.
While rented below market rates, this Miami River asset has huge upside with rental growth, with year 1 Cap Rate projections over 8%, in a neighborhood that continues to be revitalized close to the Miami River District and Downtown Miami.
Location
State FL
County Miami-dade County
Community Wm G Just Sub
Area 31
Direction Corner Lot at the Intersection of NW N River Dr & NW 24th Ct. Just Northwest of the Miami River District near Jest Island and Curtis Park. Close proximity to 836 Highway and I-95.
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Total Parking Spaces 7
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-31-34-030-0090
Acceptable Financing Cash, Cryptocurrency
Listing Terms Cash, Cryptocurrency
Financing Cash
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Bought with Compass Florida, LLC.