For Sale
$675,000

233 12Th CtFlorida City, FL 33034

Modern 2-story duplex, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 2022-built, concrete duplex in Florida City, FL (33034), presents a compelling investment opportunity. Priced at $675,000, this one-unit property boasts a modern design and numerous upgrades. Currently rented for $4,950 per month to corporate tenants under a 12-month lease with a potential 12-month renewal, offering a cap rate of 7% or higher (excluding homeowner's insurance). Negotiating internet, landscaping, and pest control could increase the cap rate closer to 8%. The property features high-quality furnishings, linens, and electronics, reflecting a beach theme. It's fully furnished and approved for short-term rentals (STR), with a county-issued certificate. Potential monthly income under STR exceeds $8,000. The property includes a ring surveillance system and a ground-floor guest suite with a private entrance. Located near major commercial areas and popular attractions like the Everglades National Park, Homestead Speedway, and the Zoo Miami, this property benefits from its proximity to tourist destinations and nurseries. The concrete construction provides structural integrity, thermal insulation, and soundproofing. The HOA fee is $70. Hurricane-proof construction ensures resilience.

Highlights

  • Newly built (2022) concrete duplex in Florida City, FL (33034), priced at $675,000.
  • Currently leased for $4,950/month to corporate tenants on a 12-month lease with renewal option; 7%+ cap rate (excluding insurance), potential for 8%+ with expense negotiation.
  • Fully furnished with high-end furnishings and electronics; approved for short-term rentals (STR) with potential monthly income exceeding $8,000.
  • Features a ground-floor guest suite with private entrance and a ring surveillance system.
  • Excellent location near major commercial areas, Everglades National Park, Homestead Speedway, and Zoo Miami; low HOA fee of $70.
  • Hurricane-proof concrete construction offering durability, insulation, and soundproofing.

Property Details for 233 12Th Ct

Property type
Apartment buildings, Small apartment buildings
Year Built
2022
Stories
2
Units
1

Location Insight

City
Florida City
County
Miami-Dade
State
Florida
Latitude
25.4505873
Longitude
-80.4970505
233 12Th Ct, Florida City, Florida

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233 12Th Ct
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