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    2834 W Trade Avenue

    Coconut Grove, FL 33133
    • $1,075,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: A11070793
    UPDATED: 80 min ago
    $1,075,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,056
      SQFT
    • $523
      $/SQFT
    Type:
    Multi-Family
    Built:
    2012
    County:

    School Ratings & Info

    Description

    One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.

    Monthly Payment Calculator



    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-07-28T21:42:40.72.
    www.pattyaccorto.com/homes/119296549
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    2834 W Trade Avenue Coconut Grove, FL 33133

    • Price: $1,075,000
    • Status: Active
    • Updated: 80 min ago
    • MLS #: A11070793
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,056
    SQFT
    $523
    $/SQFT
    2012
    Built
    Neighborhood:
    Villas At Trade Avenue Co
    County:
    Miami-Dade
    Area:
    Villas At Trade Avenue Co
    Property Description
    One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.
    Exterior Features

    Architectural Style Attached Construction Materials Cbs Construction Lot Features East Of Us 1 Parking Total 3 Pool Features In Ground Pool Private YN No Roof Built-Up View YN No Waterfront YN No

    Interior Features

    Adjusted Square Footage 2056 Building Area Total 2056 Cooling Electric Flooring Marble Heating Electric Stories Total 2 Window Features Clear Impact GlassBlindsHigh Impact WindowsImpact Glass

    Property Features

    Association Fee 0 Association Fee Frequency Monthly Association YN Yes Building Name Villas At Trade Avenue Co Cooling YN Yes Documents Available None Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes Listing Terms All CashConventional New Construction YN No Property Sub Type Duplex Public Survey Section 16 Rent Includes GardenerPest ControlPool MaintenanceSewerWater Senior Community YN No Sewer Public Sewer Spa YN No Structure Type Duplex Tax Annual Amount 9987 Tax Year 2020 Water Source Municipal Water Year Built Details Resale Zoning 0000

    Listing courtesy of Miami Real Estate Company.


    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-07-28T21:42:40.72.
     
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