Prime investment opportunity in El Portal! Fully leased 2-story duplex on a spacious lot with residential office zoning—a savvy investor's dream. Enjoy great visibility on NE 2nd Ave in a central Miami location. Ideal for investors seeking steady rental income and potential for future development. Proximity to Downtown Miami, Miami Shores, Miami Beach, North Bay Village, Design District, Wynwood, UM Jackson Medical Campus, Airports. Act fast, seize this prime opportunity!
Property Details
Property Features
Property Information:
Year Built: 1947
Stories: 2
Living Area: 2,797 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (305) 931-8266
Listing Agent: Peangchai Magner Koch P.A
Interior Features
Interior Information:
Flooring Type: Tile, Wood
Exterior Features
Exterior Information:
Exterior: Balcony
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Electric
Price Information
Listing Price Info
Price Summary:
List Price: $1,600,000
Price Per SqFt: $572/SqFt
Tax Information:
Annual Amount: $7,864
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in El Portal, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,053
Per Month
Principal & Interest
$7,986
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
$4,863
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
8
/10
Phyllis R. Miller Elementary School
840 NE 87th St
Distance between this listing and this school0.81 miles
Public Magnet Grades PK-5
7
/10
Miami Shores Elementary School
10351 NE 5th Ave
Distance between this listing and this school1.00 miles
Public District Grades PK-5
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school1.12 miles
Public District Grades PK-5
Nearby Schools
4
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school0.56 miles
Public Magnet Grades 6-8
5
/10
North Miami Middle School
700 NE 137th St
Distance between this listing and this school3.05 miles
Public Magnet Grades 6-8
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school3.15 miles
Public District Grades 6-8
Nearby Schools
1
/10
Dr. Marvin Dunn Academy for Community Education.
8950 NW 2nd Ave
Distance between this listing and this school0.54 miles
Public District Grades 9-12
8
/10
Doctors Charter School of Miami Shores
11301 NW 5th Ave
Distance between this listing and this school1.68 miles
Public Charter Grades 6-12
4
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school1.79 miles
The neighbors living near this home have an average income of $59,670. The majority of El Portal, FL residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 8920 NE 2nd Ave in El Portal, FL and zip code 33138. This 2,797 square foot home was built in 1947. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $1,600,000.
Over 0 listings were sold over their listed price in October 2024 in El Portal, FL. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in El Portal, FL decreased by 7.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 183 days, the median list price was $949,750.
From Rocket Homes Real Estate and based on county public records data.