233 12Th CtFlorida City, FL 33034

Property Details for 233 12Th Ct

Year built

2022

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Florida City

County

Miami-Dade

State

Florida

Latitude

25.4506

Longitude

-80.497

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