tomo logo

$287,500

Beds
2
Baths
1.5
sq ft
747

5960 NE 5th Ct Unit 5, Miami, FL 33137

5960 NE 5th Ct Unit 5

Miami, FL 33137

  • 383 days on market
    • Price drop $22,500↓
AN INVESTOR'S DREAM. Ideal for short-term/Airbnb rentals in one of the hottest markets in South Florida. No rental restrictions, no Association approval, can do 1-day rentals 365 times a year. Seller owns units #2, #5, #6, #9 and wants to sell them all 4 or 2 as a package deal. Each unit was renovated as needed within the last 2 years. Market value for all 4 units would bring a 6% Cap Rate. *Cash Deals, Owner Financing, and Non-Warrantable Mortgages Available* Call listing agent for more info and to schedule an appointment.

Details

Property type

Condominium

Est. home value

$199,596

Lot size

Unknown

Price per sq ft

$385

Year built

1974

Annual property taxes

$1,938

Monthly HOA fee

$400

Price History

05/28/2024
SEF

SEF #A11479762

Price change
$287,500
-7.26%
01/23/2024
SEF

SEF #A11479762

Price change
$310,000
-11.43%
01/04/2024
SEF

SEF #A11479762

Listed
$350,000

Schools & Community

Neighborhood: 

Upper Eastside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mcmahon, John R

Loan start date

June 1999

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

6.88%

Loan type

Not Provided

Seller

Ronaldo Eugene and Carole S Eugene

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 3:50 PM

Listing updated: 11/05/2024 at 3:10 PM

Listed by: Frank Gabriel, Coldwell Banker Realty Phone #: (305) 931-8266

MLS: SEF #A11479762

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