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Miami Real Estate Company

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2834 W Trade Avenue Coconut Grove FL 33133

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List price$1075000
Living Area2056 SqFt
Year Built2012


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.

Property Features

Approx Living Area SqFt:2056
Year Built:2012
Built Description:Attached
Total Floors in Building:2
Cooling System:Electric
Water:Municipal Water
Sewer:Public Sewer

For more information regarding this or any other property in Coconut Grove please contact Miami Real Estate Company at or click here to request additional details.

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Listing courtesy of: Miami Real Estate Company
© 2019. The listing data on this page comes in part from the Internet Data Exchange (IDX)from the the Southeast Florida Multiple Listing Service (MLS). All rights reserved. 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. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. The MLS data provided for the property above is provided courtesy of Inspiration Realty. Source: Southeast Florida MLS. Information is deemed reliable but not guaranteed.

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