6053 Southwest 63rd Terrace

South Miami, FL 33143

$675,000
Last Sold Price
Beds
1,320 Sq. Ft.
$511 / Sq. Ft.
1,320
Sq. Ft.
$511
per Sq. Ft.

Description

Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables,...Attention investors! Rare opportunity in South Miami! This completely renovated and separately metered duplex offers two 2/1 units that rent easily to UM students with a combined pro-forma rental income potential of $5,200/month! With a great return on investment, this duplex is a smart choice for anyone looking to add to their portfolio with potential to earn a pro-forma 7% CAP with a 3% Cash on Cash Return. Located in the desirable South Miami close to University of Miami, Sunset Place, Coral Gables, Dadeland, shopping, dining, entertainment and also in a good school district with easy access to major highways. Don't miss out on this amazing opportunity to own a rental property with tons of upside potential in one of the hottest markets in Miami. Schedule a showing today!
  1. Listed by Eugene Allende • Real Estate Sales Force

Property Details for 6053 Southwest 63rd Terrace

Subdivision
FRANKLIN SUB
Style
Duplex
Waterfront
No
Area
40
Auction
No
Total Units
2
Num Stories
1
Sq Ft Total
1367

Location

Listing Courtesy of Real Estate Sales Force

Sold By Florida Realty of Miami Corp

Add your commute
LISTING UPDATED: 04/03/2023 07:58 PM

Property Details for 6053 Southwest 63rd Terrace

StatusClosed
MLS #A11344977
Days on Market11
Taxes$5,139 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Duplex
Year Built1964
Lot Size-
CountyMiami-Dade County

Location

Listing Courtesy of Real Estate Sales Force

Sold By Florida Realty of Miami Corp

Add your commute

Virtual Tour

Building Information for 6053 Southwest 63rd Terrace

Stories-Residences2Year Built1964Building Size-Lot Size-

Payment Calculator

$4,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$428

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6053 Southwest 63rd Terrace

Location Information
Location Information
  • Parcel Number Free Text: 09-40-25-010-0730
  • Parcel Number MLX: 0730
  • MLS Area: 40
  • Municipal Code: 9
  • Township Range: 40
  • Section: 25
  • Subdivision Number: 10
  • Subdivision Complex Bldg: FRANKLIN SUB
  • Unit Count: 2
  • Zoning Information: 0100
General Information
Parking
  • Num Parking Spaces: 5
General Information
  • Property Type Information: Detached
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Shingle Roof
  • Flooring: Ceramic Floor
  • Floor Description: Ceramic Floor
  • Directions: GPS
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: None
  • Windows Treatment: Blinds/Shades
  • Exterior Features: Fence
  • Storm Protection: High Impact Door
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2022
  • Tax Information: Tax Reflects Homestead Tax
  • Special Information: As Is, Completely Renovated
  • Information Available: None
  • Special Assessment: No
  • PACEYN: No
Rental Information
Furnished / Unfurnished
  • Furnished Info Sold: Unfurnished

Property History for 6053 Southwest 63rd Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6053 Southwest 63rd Terrace

Taxable ValueLand-Additions-Total-
Tax Record2023$5,520 ($460 / month)
Home Facts
Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtStories1Lot Size4,773 SqFtStyleDuplexYear Built1964Year Renovated1993Zoning0100:SINGLE FCountyMIAMI-DADEAPN09-4025-010-0730

Schools near 6053 Southwest 63rd Terrace

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Miami K-8 Center
PublicPK to 8

South Miami Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Estate Sales Force

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.