265 Ne 118 Terrace, Miami, FL 33161

$799,000
2,551
SqFt
List Price
$799,000
MLS
A11252568
Complex Name
Halock-Sec 1
Status
ACTIVE
Type
Multifamily
Living Area
2,551

Property Description

Great opportunity to own a well maintained triplex in the heart of Miami. Long term tenants with upside potential to increase revenue once the leases renew. Unit #1 (1/1) $1,050 Lease Expires on 6/1/23. Unit #2 (1/1) $1,100 Lease Expires on 12/31/22. Unit #3 (2/2) $1,300 Lease Expires on 12/31/22. Roof was recently replaced (about 5 yrs ago) and a new drain field installed in 2012. Property is equipped with hurricane shutters for all windows and doors. Each unit features its own dedicated washer/dryer as well as a dedicated backyard/porch. Each unit has individual electric meter and ONE Master Water Meter which is paid by the Landlord. Property has lots of opportunity for upside potential to increase revenue and plenty of room to add a pool on this oversize lot of 15,560 sq/ft.

Additional Information

Days on Market
24
Style
Triplex
Exterior Features
Room For Pool
#Parking Spaces
3
Year Built
1959
Development Name
Halock-Sec 1
#Stories
1
Construction Type
Concrete Block Construction
Section
31

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Julies Realty, LLC.