Home » Miami » 220 NW 51st St, Miami, FL 33127 | F10408392

220 NW 51st St, Miami, FL 33127 | Sold

$750,000
closed for a price of $650,000

Property Highlights

Listing ID F10408392 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,458 Sqft/135.45 m2 approx. Year Built 1965 Time of this property from published date until Closing Date 268 Days
10 Photos of this Property

220 NW 51st St, Miami, FL 33127

Property Description: Huge price reduction for fast sale! Come snap this updated and recently painted duplex in a highly sought after part of the city of Miami! Great income potential for a sound investment. Ideal for short-term rental like Airbnb. In good condition with new roof (about 3 months old), tiles, newer kitchen cabinets, central air conditioning in both units. Spacious backyard with multiple tropical fruit trees like mango, avocado, bread fruit, etc. The leased unit is on a month-to-month rent basis, which is perfect for possible rent increase! Seller requires a lease-back agreement of one of the units for about a month after closing! No showing without an appointment! No trespassing or door knocking, please! Violators will be reported to the appropriate board!

Useful Info

Contingency:No Contingencies
Previous Asking Price:$875,000
Original List Price:$999,900
Close Price:$650,000

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection
  • Water
  • Gardener

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre

Construction

Year Built Details:
  • Resale
Number of Units Total:1
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Block
  • Other
Flooring:
  • Tile
Stories:1

Property Features

Waterfront:No
Exterior Features:
  • Fence
  • Fruit Trees
  • Other
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Other
  • Central Air
  • Ceiling Fan(s)
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$5,414

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Property Tax Status:Tax Reflects City & County Tax,Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Other
  • Seller Rent Back — a Post Occupancy Agreement where the Seller remains as a tenant after closing
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:Railway Shops Add
Community Features:
  • Non-gated
Senior Community:No

Parking

Parking Total Spaces:4
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Data exchange original Listing Number: F10408392
Type of Association: None
Water Access Description:None

Zoning and Legal

Tax Legal Description:RAILWAY SHOPS ADD 2ND AMD PB 3-183 LOT 10 BLK 24 OR 13938-2249 1288 1 COC 22450-0685 06 2004 4
Real Estate Folio Number (Parcel Number):01-31-24-013-4561
Zoning Description:5700
Public Survey Township:31
Public Survey Section:24

Listing History

Update/EventDate/Days
Published Date:November 6, 2023 2:20 pm
On Market Date:November 4, 2023
Listing Contract Date:November 4, 2023
Contingent Date:July 11, 2024
Close Date:July 31, 2024
Price Change Date Time:June 21, 2024 2:22 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 1, 2024 10:17 am
Status Last Changed:August 1, 2024 10:17 am
Photos Last Modified:November 6, 2023 7:39 pm
Last Modified:August 1, 2024 2:17 pm
Days on the Market Reference Date:August 1, 2024
Days on the Market (updated on Last Modified*):250
Cumulative Days on the Market (updated on Last Modified**):250

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,
Number of Photos Count:10
Area:31
Ref ID:1046770177
Automated Valuation Display:Yes
Courtesy of:ACM Real Estate
Universal Property Id:US-12025-N-0131240134561-R-N

Location

Show Property Address:Yes
Street Name:51st St
Street Number:220
Street Direction Prefix:NW
Street Address:220 NW 51st St
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:220 NW 51st St, Miami, FL 33127
Latitude:N25° 49' 19.6''
Longitude:W81° 47' 58.7''

Neighborhood

Postal City:Miami

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