Exceptional Triplex Opportunity in Hialeah!
Don’t miss out on this incredible chance to own a centrally located triplex in the heart of Hialeah, a rapidly growing area with significant potential for appreciation! The landlord's early retirement offers a unique opportunity to snatch this meticulously-maintained property to both investors and owner-occupants alike!
The triplex features three units in total: one 2-bedroom, 1-bathroom unit, and two 1-bedroom, 1-bathroom units, providing a combined total of 4 bedrooms and 3 bathrooms. The standout unit is one of the 1-bedrooms, which has been fully renovated to offer luxurious vinyl wood flooring and a stunning bathroom complete with white marble tile. The updated kitchen boasts sleek granite countertops and solid wood cabinets, providing a modern and functional space. The second 1-bedroom unit also features the same elegant granite countertops and solid wood cabinetry, while the 2-bedroom unit, although not updated, offers a spacious living room and a generously sized kitchen.
Each unit comes with its own separate electric meter and utilizes window AC units, ensuring individual control over utilities. Sitting on a large, expansive lot, the property offers ample parking space for tenants and guests.
Currently, the property generates $3, 450 per month in rental income, totaling $41, 400 annually. With current tenants paying below market rents, there’s considerable room for increased rental income with just a bit of TLC. Whether you’re looking to live in one unit while renting the others, or seeking a stable income-generating investment, this property is an excellent opportunity.
Located just 10 minutes from Miami International Airport, with easy access to major highways and proximity to numerous stores and businesses, the location is unbeatable. Don’t miss this rare investment opportunity to own a profitable triplex in one of South Florida’s most desirable markets!
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $543,999 | $543,999 | $543,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $677 | $677 | $677 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,619 | $3,711 | $4,702 |
Total Monthly Payment | $4,388 | $4,480 | $5,471 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.