Miami, FL 33177

Property

Ownership: For Sale
Type: Duplex
Pets: No Pets Allowed

Financials

Price:$849,000
Annual Taxes:$11,080
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Avanti Way Brickell

Excellent new duplex investment opportunity in a quiet Miami neighborhood.

Description

Excellent new duplex investment opportunity in a quiet Miami neighborhood. Property completed in December 2024. Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, and separate water and electric meters. Both units are approved for Section 8, offering stable and reliable income. Current rents: • Unit 1: $3,200 / month • Unit 2: $3,748 / month Total monthly income: $6,948 Annual gross income: $83,376 Estimated operating expenses: 13% (~$10,839/year) Net Operating Income (NOI): $72,537/year Cap Rate: ~8.5% at asking price of $849,000 Estimated ROI: ~34.2% (assuming 25% down payment, before appreciation and tax benefits) This property is ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Each unit has its own folio, offering flexibility for ownership or financing strategies.

Amenities

  • CableAvailable
  • LessThanQuarterAcre

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.