233 12Th Ct Florida City, FL 33034
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 233 12Th Ct
- Year built
- 2022
- Property type
- Small apartment buildings
Description
This 2022-built, concrete duplex in Florida City, FL (33034), presents a compelling investment opportunity. Priced at $675,000, this one-unit property boasts a modern design and numerous upgrades. Currently rented for $4,950 per month to corporate tenants under a 12-month lease with a potential 12-month renewal, offering a cap rate of 7% or higher (excluding homeowner's insurance). Negotiating internet, landscaping, and pest control could increase the cap rate closer to 8%. The property features high-quality furnishings, linens, and electronics, reflecting a beach theme. It's fully furnished and approved for short-term rentals (STR), with a county-issued certificate. Potential monthly income under STR exceeds $8,000. The property includes a ring surveillance system and a ground-floor guest suite with a private entrance. Located near major commercial areas and popular attractions like the Everglades National Park, Homestead Speedway, and the Zoo Miami, this property benefits from its proximity to tourist destinations and nurseries. The concrete construction provides structural integrity, thermal insulation, and soundproofing. The HOA fee is $70. Hurricane-proof construction ensures resilience.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florida City
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4970505
- Latitude
- 25.4505873
