21870 SW 118th Ave, Miami FL 33170,Miami,Miami-Dade County,Residential
- $1,174,000
Overview
- Single Family Residence
- 8
- 4
- 0
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
Open on Google Maps-
Address: 118th Ave
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33170
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Area: RANDOLPHS ADDN TO GOULDS
Details
Updated on January 10, 2025 at 7:42 pm-
Price $1,174,000
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Property Size 3325 Square Feet
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Bedrooms 8
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Bathrooms 4
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Garage 0
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Year Built 2021
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Property Type Single Family Residence
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Property Status Residential
Additional details
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StreetDirPrefix SW
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PublicSurveyRange 69
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ShowingInstructions 24 Hour Notice
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ListAgentKey adb6f285ef820b55886357355df89d3a
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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
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CarportSpaces 4
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OnMarketDate 2024-07-30
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ListAgentEmail luzbrealtor@gmail.com
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ContractStatusChangeDate 2024-07-30
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LaundryFeatures Washer/Dryer Hook-Up
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MajorChangeTimestamp 2025-01-10T17:01:52.990Z
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Flooring Ceramic Floor
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PhotosCount 10
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RoomBedroomFeatures Entry Level
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Cooling Central Air
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StatusChangeTimestamp 2024-07-30T23:52:33.903Z
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MIAMIRE_TypeofAssociation None
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BuildingName RANDOLPHS ADDN TO GOULDS
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MIAMIRE_AdjustedAreaSF 3385
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PriceChangeTimestamp 2025-01-10T17:01:52.990Z
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RoomDiningRoomFeatures Breakfast Area,Dining/Living Room
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ListingKeyNumeric 399016972
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MajorChangeType Price Decrease
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ListingContractDate 2024-07-30
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Zoning 3150
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ListAOR A-Miami Association of REALTORS
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MLSAreaMajor Randolphs Addn To Goulds
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TaxAnnualAmount 11742
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ListOfficeName EXP Realty LLC
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MIAMIRE_RATIO_CurrentPrice_By_SQFT 353.08
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OriginatingSystemKey miamire
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BathroomsTotalDecimal 4
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PhotosChangeTimestamp 2025-01-10T17:23:25.945Z
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OriginatingSystemName Miami Association of REALTORS®
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ListOfficePhone 888-883-8509
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MlsStatus Active
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StreetNumber 21870
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ListingKey 2f3198f97f78b93f7634769592c593c7
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StateOrProvince FL
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CoveredSpaces 4
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ListOfficeKey 14a9ad23c4528f8801339930dc5ae018
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BridgeModificationTimestamp 2025-01-10T17:23:25.960Z
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ListAgentFullName Luz Bolivar
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Roof Shingle
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ListAgentOfficePhone 888-883-8509
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ParcelNumber 30-69-13-002-0210
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ListingTerms All Cash,Conventional,FHA,FHA-Va Approved
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View Other
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YearBuiltDetails Effective Year Built
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OtherExpense 0
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IDXParticipationYN 1
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BathroomsFull 4
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Fencing Fenced
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InternetAddressDisplayYN 1
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MIAMIRE_PetsAllowedYN 1
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ListAgentMlsId 3317820
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WaterSource Municipal Water
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DoorFeatures High Impact Doors
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ModificationTimestamp 2025-01-10T17:21:44.983Z
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OriginatingSystemID miamire
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PreviousListPrice 1275000
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PetsAllowed Maximum 20 Lbs
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DaysOnMarket 164
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ListOfficeMlsId EXPP01
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ListAgentDirectPhone 786-499-5217
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StreetNumberNumeric 21870
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ParkingFeatures Driveway
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PostalCodePlus4 2962
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BathroomsHalf 0
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RoomLivingRoomFeatures Family Room
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Sewer Public Sewer
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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).
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Heating Central,Electric
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MIAMIRE_LPAmtSqFt 353.0827
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StructureType R30-No Pool/No Water,House
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BuildingAreaSource Appraisal
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ListAgentStateLicense 3317820
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PublicSurveyTownship 69
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StreetName 118th Ave
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ListOfficeFax 941-315-8557
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PatioAndPorchFeatures Patio
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ListingAgreement Exclusive Right To Sell
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PublicSurveySection 13
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CommunityFeatures Other
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OriginalListPrice 1275000
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BuildingAreaUnits Square Feet
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InternetEntireListingDisplayYN 1
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TaxYear 2023
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OriginalEntryTimestamp 2024-07-30T23:52:33.903Z
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SourceSystemKey 399016972
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Ownership Other Ownership
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DirectionFaces West
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LotFeatures 1/4 To Less Than 1/2 Acre Lot
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MIAMIRE_SubdivisionInformation Other Subdiv/Park Info
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MIAMIRE_Style R30-No Pool/No Water
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LotSizeSquareFeet 7000
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ArchitecturalStyle Attached,One Story
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BuildingAreaTotal 3445
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