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21870 SW 118th Ave, Miami FL 33170,Miami,Miami-Dade County,Residential

  • $1,174,000

Overview

  • Single Family Residence
  • Property Type
  • 8
  • Bedrooms
  • 4
  • Bathrooms
  • 0
  • Garage

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).

  • Address: 118th Ave
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33170
  • Area: RANDOLPHS ADDN TO GOULDS

Details

Updated on January 10, 2025 at 7:42 pm
  • Price $1,174,000
  • Property Size 3325 Square Feet
  • Bedrooms 8
  • Bathrooms 4
  • Garage 0
  • Year Built 2021
  • Property Type Single Family Residence
  • Property Status Residential

Additional details

  • StreetDirPrefix SW
  • PublicSurveyRange 69
  • ShowingInstructions 24 Hour Notice
  • ListAgentKey adb6f285ef820b55886357355df89d3a
  • TaxLegalDescription 13 56 39 RANDOLPHS ADDN TO GOULDS PB 6-52 LOT 30 BLK 1 LOT SIZE 50.000 X 150 COC 22427-1161 06 2004 3
  • CarportSpaces 4
  • OnMarketDate 2024-07-30
  • ListAgentEmail luzbrealtor@gmail.com
  • ContractStatusChangeDate 2024-07-30
  • LaundryFeatures Washer/Dryer Hook-Up
  • MajorChangeTimestamp 2025-01-10T17:01:52.990Z
  • Flooring Ceramic Floor
  • PhotosCount 10
  • RoomBedroomFeatures Entry Level
  • Cooling Central Air
  • StatusChangeTimestamp 2024-07-30T23:52:33.903Z
  • MIAMIRE_TypeofAssociation None
  • BuildingName RANDOLPHS ADDN TO GOULDS
  • MIAMIRE_AdjustedAreaSF 3385
  • PriceChangeTimestamp 2025-01-10T17:01:52.990Z
  • RoomDiningRoomFeatures Breakfast Area,Dining/Living Room
  • ListingKeyNumeric 399016972
  • MajorChangeType Price Decrease
  • ListingContractDate 2024-07-30
  • Zoning 3150
  • ListAOR A-Miami Association of REALTORS
  • MLSAreaMajor Randolphs Addn To Goulds
  • TaxAnnualAmount 11742
  • ListOfficeName EXP Realty LLC
  • MIAMIRE_RATIO_CurrentPrice_By_SQFT 353.08
  • OriginatingSystemKey miamire
  • BathroomsTotalDecimal 4
  • PhotosChangeTimestamp 2025-01-10T17:23:25.945Z
  • OriginatingSystemName Miami Association of REALTORS®
  • ListOfficePhone 888-883-8509
  • MlsStatus Active
  • StreetNumber 21870
  • ListingKey 2f3198f97f78b93f7634769592c593c7
  • StateOrProvince FL
  • CoveredSpaces 4
  • ListOfficeKey 14a9ad23c4528f8801339930dc5ae018
  • BridgeModificationTimestamp 2025-01-10T17:23:25.960Z
  • ListAgentFullName Luz Bolivar
  • Roof Shingle
  • ListAgentOfficePhone 888-883-8509
  • ParcelNumber 30-69-13-002-0210
  • ListingTerms All Cash,Conventional,FHA,FHA-Va Approved
  • View Other
  • YearBuiltDetails Effective Year Built
  • OtherExpense 0
  • IDXParticipationYN 1
  • BathroomsFull 4
  • Fencing Fenced
  • InternetAddressDisplayYN 1
  • MIAMIRE_PetsAllowedYN 1
  • ListAgentMlsId 3317820
  • WaterSource Municipal Water
  • DoorFeatures High Impact Doors
  • ModificationTimestamp 2025-01-10T17:21:44.983Z
  • OriginatingSystemID miamire
  • PreviousListPrice 1275000
  • PetsAllowed Maximum 20 Lbs
  • DaysOnMarket 164
  • ListOfficeMlsId EXPP01
  • ListAgentDirectPhone 786-499-5217
  • StreetNumberNumeric 21870
  • ParkingFeatures Driveway
  • PostalCodePlus4 2962
  • BathroomsHalf 0
  • RoomLivingRoomFeatures Family Room
  • Sewer Public Sewer
  • SyndicationRemarks 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).
  • Heating Central,Electric
  • MIAMIRE_LPAmtSqFt 353.0827
  • StructureType R30-No Pool/No Water,House
  • BuildingAreaSource Appraisal
  • ListAgentStateLicense 3317820
  • PublicSurveyTownship 69
  • StreetName 118th Ave
  • ListOfficeFax 941-315-8557
  • PatioAndPorchFeatures Patio
  • ListingAgreement Exclusive Right To Sell
  • PublicSurveySection 13
  • CommunityFeatures Other
  • OriginalListPrice 1275000
  • BuildingAreaUnits Square Feet
  • InternetEntireListingDisplayYN 1
  • TaxYear 2023
  • OriginalEntryTimestamp 2024-07-30T23:52:33.903Z
  • SourceSystemKey 399016972
  • Ownership Other Ownership
  • DirectionFaces West
  • LotFeatures 1/4 To Less Than 1/2 Acre Lot
  • MIAMIRE_SubdivisionInformation Other Subdiv/Park Info
  • MIAMIRE_Style R30-No Pool/No Water
  • LotSizeSquareFeet 7000
  • ArchitecturalStyle Attached,One Story
  • BuildingAreaTotal 3445

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