For Sale
$825,000

13341 3Rd Ct Miami, FL 33161

High-Yield Triplex, Huge Backyard

Overview

Added:
Dec 11, 2024
Days on market:
137
This 2,862 sq ft, single-story apartment building in North Miami, FL (33161), presents a compelling investment opportunity. Built in 1956, the property is currently configured as a triplex, generating a substantial monthly income of $5,400 from three spacious units. The units, originally designed as 3/2s, are currently utilized as a 3/1, a 2/1, and a 1/1, offering potential for rent increases. Monthly rents are $2,000, $2,200, and $1,200 respectively. Significant recent upgrades enhance the property's value and reduce maintenance concerns. These include new impact windows, a 4-year-old roof, and recently replaced AC units (one 5 years old, the other less than 2 months old). The property also features a large backyard with mature mango and coconut trees, adding to its charm and appeal. While the pool requires restoration, the overall condition and income potential make this a strong investment in a rapidly growing area. The property is located at 13341 NE 3rd Ct, North Miami, Miami-Dade County, Florida. The asking price is $825,000.

Highlights

  • $825,000 asking price for this multifamily property.
  • 2,862 square foot, single-story apartment building (duplex/triplex).
  • Built in 1956, located at 13341 NE 3rd Ct, North Miami, FL 33161.
  • Currently operating as a triplex with three units generating $5,400 monthly income ($2,000, $2,200, and $1,200 respectively).
  • Recent upgrades include impact windows, a 4-year-old roof, and new AC units (one 5 years old, one less than 2 months old).

Property Details for 13341 3Rd Ct

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,862 SF
Year Built
1956
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8981351
Longitude
-80.1915821

FAQs

What type of property is this?
Apartment building - High-Yield Triplex, Huge Backyard
Where is the apartment building located?
The property is located at 13341 3Rd Ct Miami, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: $825,000 asking price for this multifamily property.; 2,862 square foot, single-story apartment building (duplex/triplex).; Built in 1956, located at 13341 NE 3rd Ct, North Miami, FL 33161.
How can I contact the broker?
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13341 3Rd Ct
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