Active · Duplex
$525,000
6716 NW 6th Ave, Miami, FL 33150
- Beds
- —
- Baths
- 0
- Living area
- 1,499 sq ft
- $ / sq ft
- $350/sq ft
- Year built
- 1925
- Lot size
- —
- HOA fee
- —
- Annual tax
- $6,982
About this property
INVESTMENT OPPORTUNITY with income already in place! This two-story property is legally classified as a single-family home and is currently configured as two separate living units, offering excellent potential for an investor looking to add value. The downstairs unit is currently tenant-occupied through December 31 at $1,850/month, with the tenant expressing interest in potentially renewing. The upstairs unit has been remodeled and features 2 bedrooms, 1 bathroom, and an included washer and dryer. It is currently vacant and being marketed for rent, with an estimated rental potential of approximately $2,100/month. Both units have new mini-split systems, and the property has a new roof awaiting final inspection. Additional features include a metal perimeter gate and convenient access just minutes from I-95. Property is being sold AS-IS. Seller is motivated. Excellent opportunity for a first-time investor, experienced investor, or buyer looking for a property with existing rental income and future renovation or redevelopment potential. Buyer is encouraged to independently verify zoning, permitted use, rental potential, property configuration, and any possibilities for future zoning changes or increased density.
Interior & exterior features
Cooling
- Wall Window Units
Heating
- Wall Furnace
Exterior features
- Balcony
Pool
- None
Flooring
- Tile
roof
- Flat
- Shingle
construction
- Block
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$351
- Cap rate
- 6.5%
- Net yield
- 6.5%
- Cash-on-cash return
- 2.9%
- Gross yield
- 9.5%
- Mortgage payment
- $2,489/mo
- Down payment
- $131,250
- Loan amount
- $393,750
- Annual NOI
- $34,077
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.