HIGH-YIELD DUPLEX | NEW 2024 ROOF |
Executive Summary: Strategically located in the high-demand North Miami (33161) submarket, this fully remodeled duplex offers a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation. The property features a Brand New 2024 Permitted Roof, providing the owner with significant insurance savings and zero deferred maintenance for years to come.
Financial Highlights:
Pro-Forma Monthly Income: $4,100 ($2,550 + $1,750)
Net Operating Income (NOI): $41,200
Cap Rate: 5.36%
Gross Yield: 7.6%
Property Layout & Amenities:
Unit A (2/1): Features premium flooring, updated kitchen, and a private gated yard with a custom pergola. Estimated Rent: $2,550.
Unit B (1/1): Fully independent unit with private entrance and its own gated yard/pergola. Estimated Rent: $1,750.
Separated Outdoor Living: Unlike standard duplexes, this property offers distinct private outdoor spaces for each unit, allowing for premium rental rates and high tenant retention.
Investment Strategy:
The "House Hack" Candidate: Perfect for FHA/VA buyers who wish to live in one unit while the other unit pays for the majority of the mortgage. The new roof makes it easily financeable with all loan types.
Strategic Growth Area: Situated in a pocket of North Miami that is seeing rapid gentrification and rental rate increases. Located minutes from Barry University, Biscayne Blvd, and Miami Shores.
Low Operational Risk: Modernized systems and a 2024 roof de-risk the investment from a CapEx perspective.