71 67Th StMiami, FL 33138

Property Details for 71 67Th St

Year built

1954

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This 1954-built, three-unit apartment building in Miami's Little Haiti neighborhood presents a compelling investment opportunity. The property features two 2-bedroom, 1-bathroom units and one studio apartment, currently generating income below market value. A suggested rental increase could yield a total monthly income of $6,250. The units are currently on month-to-month leases, with one month's rent escrow. The property is constructed of CBS (concrete block) and includes two electric meters and one water meter. Partially renovated, the building offers potential for further improvements and value appreciation. Located on a quiet street, this property is ideal for an investor seeking a hands-on project with significant upside. The asking price is $650,000. FHA financing is accepted, and the Home Town Heroes program offers a potential $35,000 down payment assistance. The property requires some TLC, but its strong rental income potential and location in an up-and-coming area make it a promising investment. Showings are available by appointment.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8366

Longitude

-80.1947

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