For Sale
$749,900

0 UndisclosedMiami, FL 00000

Prime Buena Vista Duplex, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity presents a two-unit duplex in Miami's desirable Buena Vista neighborhood, priced at $749,900. The property boasts a total of 2,318 square feet on a sizable 7,200 square foot lot, offering significant potential for future development. Currently configured as a duplex, the property features two units, each with its own distinct rental income stream. The front unit commands a monthly rent of $2,700, while the rear unit generates $1,250 per month, providing immediate cash flow. Built in 1946, the property is classified as Class C and zoned T4-R-GENERAL URBAN ZONE, allowing for expansion up to six units. The property includes two parking spaces. Its prime location offers easy access to the Design District, Midtown, and Wynwood, capitalizing on Miami's thriving real estate market. This is a rare chance to acquire a multifamily property with strong rental income and substantial upside potential in one of Miami's most sought-after areas. The price per square foot is $323.51, and the price per unit is $374,950. This property is owned by RER INVESTMENTS LLC. Don't miss this chance to secure a piece of Miami's booming real estate market.

Highlights

  • Prime Buena Vista, Miami location, ideal for multifamily development.
  • 7,200 sq ft lot zoned T4-R-GENERAL URBAN ZONE (up to 6 units).
  • Minutes from Design District, Midtown, and Wynwood.
  • Currently generating rental income: $2,700/month and $1,250/month.
  • Excellent value-add opportunity.

Property Details for 0 Undisclosed

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,318 SF
Class
C
Year Built
1946
Buildings
2
Stories
1
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Undisclosed
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message