PRICE REDUCED FOR A QUICK SALE. Property to sell AS IS Condition. New Roof replaced July 22, 2024. This duplex is conveniently located in the heart of North Miami. Great investment opportunity for business oriented people. Currently, the property is being rented with 5 different tenants on a month to month basis as follow: A.- 1 Two (2) beds One (1) bath rented for $2600 per month B.- 1 Two (2) beds One (1) bath rented for $2500 per month C.- 1 Studio for $1100 per month D.- 1 Studio for $1000 per month E.- 1 Bed 1 bath for $1500 per month All units are rented on a month to month basis at this time. Total Gross Monthly Income: $8700.00 Property is being sold AS IS. Please drive by. Very difficult to show the whole property during a one showing as tenants are not available together.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,310
Per Month
Principal & Interest
$4,243
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
$2,615
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
Arch Creek Elementary School
702 NE 137th St
Distance between this listing and this school0.12 miles
Public District Grades PK-5
6
/10
North Miami Elementary School
655 NE 145th St
Distance between this listing and this school0.65 miles
Public District Grades PK-5
6
/10
Linda Lentin K-8 Center
14312 NE 2nd Ct
Distance between this listing and this school0.74 miles
Public District Grades PK-5
Nearby Schools
5
/10
North Miami Middle School
700 NE 137th St
Distance between this listing and this school0.08 miles
Public Magnet Grades 6-8
4
/10
Thomas Jefferson Middle School
525 NW 147th St
Distance between this listing and this school1.61 miles
Public District Grades 6-8
6
/10
John F. Kennedy Middle School
1075 NE 167th St
Distance between this listing and this school2.11 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
North Miami Senior High School
13110 NE 8th Ave
Distance between this listing and this school0.27 miles
Public Magnet Grades 9-12
8
/10
Doctors Charter School of Miami Shores
11301 NW 5th Ave
Distance between this listing and this school1.92 miles
Public Charter Grades 6-12
1
/10
C. G. Bethel High School
16150 NE 17th Ave
Distance between this listing and this school2.10 miles
The neighbors living near this home have an average income of $38,896. Residents of North Miami, FL typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 655 NE 135th St in North Miami, FL and zip code 33161. This 2,892 square foot home was built in 1951. It has been listed on Rocket Homes since August 08, 2024 and is currently priced at $850,000.
While more than 1 listings in North Miami, FL in October 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 27 were sold below. The number of listings in North Miami, FL increased by 4.4% between September 2024 and October 2024. While the average time on the market in October 2024 was 84 days, the median list price was $425,000.
From Rocket Homes Real Estate and based on county public records data.