7936 18Th AveMiami, FL 33147

Property Details for 7936 18Th Ave

Year built

1930

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming 1930s, single-story duplex in Miami's West Little River neighborhood presents a compelling investment opportunity. Located at 7936 NW 18th Ave, Miami, FL 33147, this property boasts two separate 2-bedroom, 1-bathroom units situated on a generous 7,000 square foot lot. Each unit offers significant potential for rental income, with comparable properties in the area commanding $2,500 per month in rent. The property is currently listed at $500,000 and features an assumable 4% FHA mortgage of $210,000. Both units have recently been updated with new aluminum roofs, and one unit includes new hurricane impact windows. While requiring a complete rehabilitation, this property offers significant upside for investors seeking a hands-on project. Its convenient location, minutes from the highway, adds to its appeal. The large lot size allows for potential expansion or customization, further enhancing its long-term value. This is an exceptional opportunity to acquire a multifamily property in a desirable Miami location at a strategically priced point for a quick sale.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8472

Longitude

-80.2278

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