For Sale
$720,000

2625 24Th Ave Miami, FL 33142

High-Income Potential, Updated Miami Property

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional one-story apartment building, constructed in 1939, presents a compelling investment opportunity in the heart of Miami, Florida. Located at 2625 NW 24th Ave, Miami, FL 33142, this multifamily property, categorized as an apartment building/duplex/triplex/quadruplex, is listed at $720,000. Its prime location offers convenient access to major highways, shopping centers, diverse dining options, and vibrant entertainment venues. The property boasts significant income potential, projected to generate a minimum of $7,750 in monthly rental income, making it an attractive proposition for investors seeking strong returns. The building has undergone recent updates, incorporating stylish finishes and modern amenities to enhance its appeal and rental value. The spacious unit layouts are suitable for a variety of tenants, including families, professionals, and students. This property offers the unique advantage of flexible living arrangements, allowing an owner to reside on-site while simultaneously generating substantial rental income from the additional units. The property's strong rental income potential, combined with its desirable location and recent upgrades, makes it a highly sought-after investment in Miami's dynamic real estate market. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving urban area.

Highlights

  • $720,000 asking price.
  • Multifamily apartment building (duplex/triplex/quadruplex).
  • 1939 construction, one story.
  • Located at 2625 NW 24th Ave, Miami, FL 33142.
  • Potential for over $7,750 monthly rental income.

Property Details for 2625 24Th Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1939
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8004553
Longitude
-80.2355333

FAQs

What type of property is this?
Apartment building - High-Income Potential, Updated Miami Property
Where is the apartment building located?
The property is located at 2625 24Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: $720,000 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; 1939 construction, one story.
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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2625 24Th Ave
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