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35 NW 48th Place, Miami, FL 33126 (MLS# A11083955)

35 NW 48th Place, Miami, FL 33126

$575,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11083955

Gated entrance to residences w/ large patio

Living units are elevated (no flooding issues)

Property Type: Residential Income Square Footage: 2,204 Status: Closed

Current Price: $575,000 List Date: 8/03/2021 Last Modified: 8/11/2026

Overview

Description

TURNKEY UPDATED DUPLEX, JUST OUTSIDE CORAL GABLES, COMPLETE WITH IMPACT WINDOWS, BRAND NEW ROOF, OUTDOOR LIGHTING, CENTRAL A/C, ASSIGNED PARKING, AND LAUNDRY ROOM ON-SITE. This unique property rents easily due to all its perks, from parking to laundry and impact windows. It's a duplex, but operates as a triplex (3 bed / 2 bath was split into a 2/1 + 1/1.) Gross Annual Rent of $52,080 (including income from laundry). Tenants have impeccable payment history (auto-pay throughout COVID) and everyone is on 12-month leases. Moreover, rents are below market value, and can be easily increased in 2022. Install an onsite storage shed OR bbq area for additional value-add opportunities. There's tremendous upside. Start collecting rent at closing. This is the opportunity you've been seeking.

Listing Details MLS# A11083955

General Property Information

Number Of Units Total: 3
Property Sub Type: Duplex
Building Area Main: 2204
Living Area Main: 2054
Adjusted Area Main: 2081
Year Built: 1957
Parking Total: 5
Lot Size Dimensions: 7450
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Rent Rolls Flooring: Tile Structure Type: Duplex Construction Materials: Block; CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Separate Meters Listing Terms: Cash; Conventional Possession: Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Fuse Box Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Fuse Box Unit 2 Parking Features: Open Parking Unit 3 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit; Fuse Box Unit 3 Parking Features: Open Parking Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 645000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 35
Street Direction Prefix: NW
Street Name: 48th
Street Suffix: Place
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33126
Postal Code +4: 5121
Postal Zip: 33126
Subdivision Name: PINEHURST VILLA 2ND ADDN
Area: 2410
Parcel Number: 0141060220070
Subdivision Number: 22
Zoning: 5700
Flood Zone: X

Financial Information

Tax Annual Amount: 7366
Tax Year: 2020
Tax Legal Description: 2ND ADDN TO PINEHURST VILLA PB 6-157 LOT 8 LOT SIZE 50.000 X 149 OR 13332-917 0687 1

Status Change Information

Major Change Timestamp: 2021-12-16T18:29:24Z
Major Change Type: Status Change
Status Change Date: 2021-12-17
Under Contract Date: 2021-10-26
Close Date: 2021-12-16
Close Price: 575000
Buyer Financing: Conventional

More Information

Meter Information

Separate Electric Meters YN: Yes

Income and Expenses

Gross Income: 52080
Net Operating Income: 33576
Total Expenses: 18504

Unit 1 Details

Actual Rent: 1370
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 1570
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 3 Lease Description

Currently Leased YN: Yes

Buyer Details

Intended Use: Investment
Buyer State: Florida
Zip Code: 33165

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 279.94

Section Details

Parcel Number MLX: 0070

Originating Details

Originating System Key: 361545463
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Rent Rolls: Yes

Structure Type

Duplex: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes
CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Shingle: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Tax Information

City/County: Yes

Contingencies

None: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Fuse Box: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Fuse Box: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 3 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Fuse Box: Yes

Unit 3 Parking Features

Open Parking: Yes

Listing Office: Keller Williams Capital Realty

Last Updated: August - 11 - 2026

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35 NW 48th Place, Miami, FL 33126 (MLS# A11083955)