For Sale
$850,000

655 135Th StNorth Miami, FL 33161

High-yield duplex, prime location, new roof.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1-story, 1951-built duplex located at 655 NE 135th St, North Miami, FL 33161, in Miami-Dade County. Priced at $850,000, this property boasts a strong rental income stream. The duplex features five units currently rented on a month-to-month basis, generating a total gross monthly income of $8,700. The unit breakdown includes: one 2-bedroom, 1-bathroom unit renting for $2,600; another 2-bedroom, 1-bathroom unit at $2,500; one studio at $1,100; another studio at $1,000; and a 1-bedroom, 1-bathroom unit at $1,500. The property benefits from a recently replaced roof (July 22, 2024), minimizing immediate maintenance concerns. This property is being sold "as is," and prospective buyers are encouraged to conduct a thorough inspection. Due to the multiple tenants, scheduling a comprehensive viewing of the entire property may present logistical challenges. This is an ideal investment for business-minded individuals seeking a high-return property in a desirable North Miami location. The property is conveniently situated in the heart of North Miami, offering easy access to local amenities and transportation.

Highlights

  • $850,000 asking price.
  • Multifamily apartment building (duplex/triplex/quadruplex) in North Miami, FL.
  • Built in 1951, one story.
  • New roof installed July 2024.
  • Currently generating $8,700 in gross monthly income from five month-to-month tenants.

Property Details for 655 135Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1951
Stories
1

Location Insight

City
North Miami
County
Miami-Dade
State
Florida
Latitude
25.8997657
Longitude
-80.1856321
655 135Th St, North Miami, Florida

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655 135Th St
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