Miami, FL 33157,10501-10503 SW 172
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Miami, FL 33157,10501-10503 SW 172
Miami, FL 33157,10501-10503 SW 172
Miami, FL 33157,10501-10503 SW 172
Miami, FL 33157,10501-10503 SW 172
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10501-10503 SW 172 Miami, FL 33157

2,492 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,492 sqft

Price per Sqft $300

Subdivision West Perrine Addn

MLS Listing ID A11945969

HOA Y/N No

Year Built 2008

Annual Tax Amount $4,157

Tax Year 2025

Property Sub-Type Duplex

Property Description

Excellent duplex investment opportunity with active Section 8 in a quiet neighborhood. Each unit features 3 bedrooms and 2 bathrooms, central A/C, and separate water and electric meters.The unit has been recently painted, has new impact windows and a new air conditioner. The roof is in perfect condition. Property is fully approved for Section 8, and both current tenants are Section 8, providing stable and reliable income.
Current rents:
• Unit 10501: $3,200/month
• Unit 10503: $3,330/month
Total monthly income: $6,530
Annual gross income: $78,360
Each unit has its own folio, offering flexibility for future ownership or financing strategies.
With estimated operating expenses at 15%, the property delivers a strong NOI of approximately $66,606 annually, resulting in an estimated Cap Rate of ~8.9% at the asking price.
Ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation.
Please do not disturb the tenants.

Location

State FL

County Miami-dade

Community West Perrine Addn

Area 50

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block

Others

Tax ID 30-50-32-075-0010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11945969


Miami Association of Realtors (SEFMIAMI MLS)
Listed by Avanti Way Brickell
Tariq Saleem

Tariq Saleem

Broker | BK3071788

+1(844) 668-7589

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10501-10503 SW 172