Residential
Active
21870 SW 118th Ave, Miami FL 33170,Miami,Miami-Dade County,Residential
21870 SW 118th Ave, Miami FL 33170
Overview
- Single Family Residence
- 8
- 4
- 0
- 3325
- 2021
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
- 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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