*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000
Sold for $1,870,000 on 09/01/22
$1,870,000
10621 SW 77th Ct, Pinecrest, FL 33156
6beds
4baths
3,275sqft
Duplex
Built in 2022
-- sqft lot
$2,040,300 Zestimate®
$571/sqft
$4,528 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 06, 2022 at 07:48am
Listed by:
Raphael Hillis 646-620-7375,
Urban Key Realty Corp
Bought with:
Maria Lea Plaza, 3228685
LP Realty, LLC.
Source: MIAMI,MLS#: A11239953
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Other
Cooling
- Ceiling Fan(s), Central Air, Electric
Features
- Flooring: Ceramic Tile, Marble
Interior area
- Total structure area: 4,191
- Total interior livable area: 3,275 sqft
Property
Parking
- Total spaces: 4
Features
- Stories: 1
- Has private pool: Yes
- Pool features: In Ground, Fenced
Lot
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 2050100370020
- Zoning: 5700
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Roof: Shingle
Condition
- New Construction,Updated/Remodeled
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Sewer: Septic Tank
Community & neighborhood
Location
- Region: Pinecrest
- Subdivision: Palmetto Duplexes Addn No
Other
Other facts
- Listing terms: All Cash,Cash
Services availability
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Estimated market value
$2,040,300