142 10Th AveMiami, FL 33128

This 2-story apartment building, located at 142 NW 10th Ave in Miami, Florida, presents a compelling investment opportunity. Built in 1936, the property boasts a total square footage of 2,997 and is classified as a multifamily dwelling, specifically a duplex, triplex, or quadplex. The asking price is $449,000. Situated in Miami-Dade County, zip code 33128, this property is in need of significant renovations. The property's age and condition necessitate a comprehensive rehabilitation plan. Prospective buyers should be prepared for substantial capital investment to modernize and upgrade the building to current standards. This is a short sale property, meaning the sale price may be below market value, presenting a potential opportunity for significant return on investment after renovations. The property's location in Miami offers potential for strong rental income once improvements are completed. Detailed financial projections and a thorough due diligence process are strongly recommended before making an offer. The property's historical character could be leveraged to create unique and desirable rental units. This is a unique opportunity for an investor with experience in renovation projects to acquire a property in a desirable Miami location at a potentially attractive price. However, the significant renovation needs must be carefully considered.