Location, location, location!!!. Duplex on a Large Corner lot - 13,500. A few feet away from the Miami Shores golf course. New owners can also convert this duplex into a single-family house and resell it for over $1.2M. Many investors are converting duplexes into single-family homes in that area!!. The property has a new roof with permits, a new kitchen, etc. Both units are 2 bedrooms and 1 bathroom with great long-term tenants 1,665 Sqft Total Unit #1 - Rent for $2,480 Unit #2 - Rent for $2,310 Landlord pays water - $900 Yearly Insurance - $4,400 Yearly Landscaping - $1,200 Yearly **SHOWING ONLY AFTER OFFER ACCEPTANCE**
Introducing a completely occupied and newly renovated duplex property in Biscayne Park, perfect for instant income generation with a 7.42%+ cap rate. This investment boasts a newer roof and impact windows/doors throughout. The first unit features 3 bedrooms, 2 bathrooms, and central A/C. While the second unit includes 2 bedrooms, 1 bathroom, Fully furnished, and mini-split A/C's. Both units have impact windows and doors with a newer roof. Tenants have access to a utility room at the back of the property with laundry facilities. The property generates a total gross rent of $5,600 per month and has separate electric meters, owner is only responsible for water expense ($600/yearly). Thankfully NO flood insurance required. Don't miss this lucrative investment opportunity in Miami!
The median home value in Biscayne Park, FL is $851,000. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Biscayne Park, FL is $851,000. Approximately 67.21% of Biscayne Park homes are owned, compared to 27.29% rented, while 5.5% are vacant. Biscayne Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Biscayne Park real estate agent to arrange a tour today!
Biscayne Park, Florida has a population of 3,117. Biscayne Park is more family-centric than the surrounding county with 52.06% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Biscayne Park, Florida is $65,000. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Biscayne Park is 32.9 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 58.9 degrees. The average rainfall is approximately 59.3 inches per year, with 0 inches of snow per year.