$212,000
$200,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
12877 SW 17 TERRACE Miami, FL 33175
5 Beds
4 Baths
Key Details
Sold Price $212,000
Property Type Vacant Land
Sub Type Mobile Home
Listing Status Sold
Purchase Type For Sale
Subdivision University Lakes
MLS Listing ID A11508980
Sold Date 01/31/24
Style Manufactured Home,One Story
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Fees $1,070/mo
HOA Y/N Yes
Year Built 1971
Tax Year 2024
Contingent Sale Of Other Property
Property Description
Mobile home with huge potential return on investment and strong cash flow from day 1. Paying $1,090 monthly to rent the land space and producing $6,000-$7,000 in potential GCI when fully rented, this 4 unit property gives a potential Cap Rate of 20%-25%! Units: 2/1 currently renting for $2,400, Large 1/1 currently renting for $1,600, Smaller 1/1 currently renting for $1,300, and other large 1/1: is currently owner occupied and will rent anywhere from $1,500-$1,600. Retail condition and 100% fully functional with 2 Separate and enclosed laundry units, a storage unit, spacious patio on each side, new fence, new A/C, and outdoor countertop for barbecuing. Well divided and spacious property gives a modern and private feel to each tenant.
Location
State FL
County Miami-dade County
Community University Lakes
Area 49
Interior
Interior Features Bedroom on Main Level, Eat-in Kitchen, First Floor Entry, Living/Dining Room
Heating Electric
Cooling Electric
Flooring Tile
Appliance Dryer, Refrigerator, Washer
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Fence, Patio
Pool None, Community
Community Features Clubhouse, Other, Park, Pool, Tennis Court(s)
Waterfront No
View Y/N No
View None
Porch Patio
Parking Type Driveway
Garage No
Building
Lot Description < 1/4 Acre
Faces West
Story 1
Sewer Public Sewer
Water Public
Architectural Style Manufactured Home, One Story
Structure Type Manufactured
Construction Status Resale
Schools
Elementary Schools Hall; Joe
Middle Schools Thomas; W.R.
High Schools Braddock G. Holmes
Others
Senior Community No
Tax ID 30-49-11-000-0017
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Sky Realty Invest. & Mngmt