Unbeatable investment opportunity! Six Duplexes, comprising a total of 12 spacious units, situate on a sprawling 1.5 -acre property. Each unit boast 2 bedrooms and 1 bathroom, offering comfortable living spaces. This exceptional property presents a rare change to own a substantial rental income-generating asset in a prime location.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.5K
Per Month
Principal & Interest
$19.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Frank C. Martin K-8 Center
14250 Boggs Dr
Distance between this listing and this school0.30 miles
Public Magnet Grades PK-5
6
/10
Colonial Drive Elementary School
10755 SW 160th St
Distance between this listing and this school1.18 miles
Public District Grades PK-5
9
/10
Gloria Floyd Elementary School
12650 SW 109th Ave
Distance between this listing and this school1.25 miles
Public District Grades PK-5
Nearby Schools
5
/10
Richmond Heights Middle School
15015 SW 103rd Ave
Distance between this listing and this school1.28 miles
Public Magnet Grades 6-8
10
/10
Somerset Preparatory Academy Sunset
11155 SW 112th Ave
Distance between this listing and this school2.18 miles
Public Charter Grades KG-8
10
/10
Ben Gamla Charter School
11155 SW 112th Ave
Distance between this listing and this school2.19 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Dorothy M. Wallace Cope Center
10225 SW 147th Ter
Distance between this listing and this school1.29 miles
Public District Grades 6-12
8
/10
Biotech@Richmond Heights 9-12 High School
15020 SW 102nd Ave
Distance between this listing and this school1.32 miles
Public Magnet Grades 9-12
9
/10
Coral Reef Senior High School
10101 SW 152nd St
Distance between this listing and this school1.41 miles
The neighbors living near this home have an average income of $40,180. The majority of Miami, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 11440 Lincoln Blvd in Miami, FL and zip code 33176 in the Richmond neighborhood. This 1,124 square foot home was built in 1958. It has been listed on Rocket Homes since July 20, 2024 and is currently priced at $3,900,000.
While more than 38 listings in Miami, FL in November 2024 were sold above asking price, there were more than 112 listings sold at asking price, and more than 445 were sold below. The number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Mexican League Soccer
Mexican League Soccer
NHRA Drag Racing
Horse Races
Burlington
Big Lots
Stein Mart
Church's Chicken
Golden Corral
LongHorn Steakhouse
Chevrolet
Kia
Buick
Urban Adult Contemporary
Adult Standards
Contemporary Inspirational