21870 SW 118th Ave Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33170
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,325 sqft
Price per Sqft $353
Subdivision Randolphs Addn To Goulds
MLS Listing ID A11632711
Style One Story
Bedrooms 8
Full Baths 4
Construction Status Effective Year Built
HOA Y/N No
Year Built 2021
Annual Tax Amount $11,742
Tax Year 2023
Lot Size 7,000 Sqft
Property Description
Turnkey investment opportunity
This well-maintained property generates $82,800 annually in rental income, with an impressive net operating income (NOI) of $64,800. At the current asking price of $1,174,000, it offers a competitive cap rate of 5.52%, making it a great option for both experienced investors and first-time investors looking for steady cash flow.
Key benefits for the investor
1. Stable cash flow
2. Attractive cap rate
3. Turnkey opportunity
4. Potential for improvement
5. Desirable location:
The property is located in a high demand or growing area, with local economic trends, low vacancy rates and proximity to amenities (e.g. schools, public transportation, businesses).
Location
State FL
County Miami-dade
Community Randolphs Addn To Goulds
Area 69
Interior
Interior Features Bedroom on Main Level,Breakfast Area,First Floor Entry,Living/Dining Room
Heating Central,Electric
Cooling Central Air
Flooring Ceramic Tile
Appliance Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Refrigerator,Washer
Laundry Washer Hookup,Dryer Hookup
Exterior
Exterior Feature Fence,Security/High Impact Doors,Patio
Carport Spaces 4
Pool None
Community Features Other
Utilities Available Cable Available
View Other
Roof Type Shingle
Porch Patio
Garage No
Building
Lot Description 1/4 to 1/2 Acre Lot
Faces West
Story 1
Sewer Public Sewer
Water Public
Architectural Style One Story
Structure Type Block
Construction Status Effective Year Built
Others
Pets Allowed Size Limit,Yes
Senior Community No
Tax ID 30-69-13-002-0210
Ownership Other Ownership
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Pets Allowed Size Limit,Yes