For Sale
$899,500

455 63Rd StMiami, FL 33138

Legal Duplex, High Cap Rate, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a charming two-unit apartment building located at 455 NE 63rd Street in Miami's vibrant MIMO neighborhood. Built in 1924, this two-story, Class D property boasts a desirable 8.00% capitalization rate, making it an attractive prospect for savvy investors. The property features a total of five bedrooms and three full bathrooms, spread across two units, providing ample rental income potential. Its strategic location between downtown Miami and the pristine beaches offers unparalleled convenience and access to a wealth of amenities. Residents can easily enjoy the nearby Biscayne Bay, perfect for leisurely strolls, breathtaking views, and various water activities. The property's proximity to the bay adds significant value and appeal to potential tenants. This legal duplex is ideally suited for short-term rentals or as a long-term investment, offering a strong return on investment. The asking price is $899,500. This is a rare chance to acquire a well-positioned multifamily property in a rapidly developing area of Miami, Florida, with a proven track record of rental income. Don't miss this chance to secure a piece of Miami's thriving real estate market. The property is situated in Miami-Dade County, Florida, zip code 33138.

Property Details for 455 63Rd St

Property type
Apartment buildings, Small apartment buildings
Class
D
Year Built
1924
Stories
2
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.834287
Longitude
-80.1867873
455 63Rd St, Miami, Florida

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455 63Rd St
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