2460 36Th AveMiami, FL 33145

Property Details for 2460 36Th Ave

Year built

1968

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This updated two-unit duplex in Miami, Florida, presents a compelling investment opportunity. Located on a fully gated corner lot in the heart of Silver Bluff, this property enjoys proximity to Miracle Mile and Downtown Coral Gables. Built in 1968, the single-story building currently generates an annual income of $75,000. Each unit features its own washer/dryer, electric meter, and electric water heater, along with a private entrance. Both units have updated wood and vinyl flooring. The 3-bedroom, 2-bathroom unit includes one assigned parking space, while the 2-bedroom, 1-bathroom unit offers two assigned parking spaces. Ample street parking is available for both units. The property also boasts a spacious front and side yard, ideal for entertaining, and the 2/1 unit has a private backyard. The property features a newer roof and updated electrical systems. Situated in a neighborhood of new constructions and zoned T3-O, the property holds significant potential for redevelopment into two new townhomes, each potentially valued near $2 million. This is a rare chance to acquire a high-yielding investment property in a desirable Miami location.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7453

Longitude

-80.2521

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