For Sale
$650,000

71 67Th St Miami, FL 33138

Three-unit building, great income potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This 1954-built, three-unit apartment building in Miami's Little Haiti neighborhood presents a compelling investment opportunity. The property features two 2-bedroom, 1-bathroom units and one studio apartment, currently generating income below market value. A suggested rental increase could yield a total monthly income of $6,250. The units are currently on month-to-month leases, with one month's rent escrow. The property is constructed of CBS (concrete block) and includes two electric meters and one water meter. Partially renovated, the building offers potential for further improvements and value appreciation. Located on a quiet street, this property is ideal for an investor seeking a hands-on project with significant upside. The asking price is $650,000. FHA financing is accepted, and the Home Town Heroes program offers a potential $35,000 down payment assistance. The property requires some TLC, but its strong rental income potential and location in an up-and-coming area make it a promising investment. Showings are available by appointment.

Highlights

  • Three-unit apartment building in Miami's Little Haiti.
  • Two 2-bedroom/1-bathroom units and one studio apartment.
  • Currently generating below-market rent, with potential for $6,250 monthly income.
  • Month-to-month leases, one month's rent escrowed.
  • Concrete block construction with two electric meters and one water meter.
  • Partially renovated, offering value-add potential.

Property Details for 71 67Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1954
Stories
1
Units
3

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.836614
Longitude
-80.1947362

FAQs

What type of property is this?
Apartment building - Three-unit building, great income potential
Where is the apartment building located?
The property is located at 71 67Th St Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three-unit apartment building in Miami's Little Haiti.; Two 2-bedroom/1-bathroom units and one studio apartment.; Currently generating below-market rent, with potential for $6,250 monthly income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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71 67Th St
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