Excellent new duplex investment opportunity in a quiet Miami neighborhood. Property completed in December 2024. Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, and separate water and electric meters. Both units are approved for Section 8, offering stable and reliable income. Current rents: • Unit 1: $3,200 / month • Unit 2: $3,748 / month Total monthly income: $6,948 Annual gross income: $83,376 Estimated operating expenses: 13% (~$10,839/year) Net Operating Income (NOI): $72,537/year Cap Rate: ~8.5% at asking price of $849,000 Estimated ROI: ~34.2% (assuming 25% down payment, before appreciation and tax benefits) This property is ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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