0 UndisclosedMiami, FL 00000

Property Details for 0 Undisclosed

Year built

1946

Property size (Sq ft)

2,318 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional value-add investment opportunity presents a two-unit duplex in Miami's desirable Buena Vista neighborhood, priced at $749,900. The property boasts a total of 2,318 square feet on a sizable 7,200 square foot lot, offering significant potential for future development. Currently configured as a duplex, the property features two units, each with its own distinct rental income stream. The front unit commands a monthly rent of $2,700, while the rear unit generates $1,250 per month, providing immediate cash flow. Built in 1946, the property is classified as Class C and zoned T4-R-GENERAL URBAN ZONE, allowing for expansion up to six units. The property includes two parking spaces. Its prime location offers easy access to the Design District, Midtown, and Wynwood, capitalizing on Miami's thriving real estate market. This is a rare chance to acquire a multifamily property with strong rental income and substantial upside potential in one of Miami's most sought-after areas. The price per square foot is $323.51, and the price per unit is $374,950. This property is owned by RER INVESTMENTS LLC. Don't miss this chance to secure a piece of Miami's booming real estate market.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7742

Longitude

-80.1936

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