3564 Franklin AveMiami, FL 33133

Property Details for 3564 Franklin Ave

Year built

1936

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming 1936-built bungalow duplex in Miami's desirable Coconut Grove neighborhood presents a unique investment opportunity. Priced at $899,000, this single-story, two-unit apartment building offers immediate income generation with two separate 1-bedroom, 1-bathroom units currently occupied by long-term tenants. Each unit boasts high ceilings, an open kitchen, and a private tropical backyard, enhancing tenant appeal and rental potential. Modern updates include impact windows and doors, newer appliances, in-unit washer/dryers, PVC plumbing, and energy-efficient mini-split AC systems. Separate electric meters provide efficient utility management. The property's prime location offers easy access to Coconut Grove's vibrant village center, renowned restaurants, highly-rated schools, and picturesque bayfront parks. This is an exceptional opportunity to acquire a well-maintained income-producing property in a highly sought-after area, with the added potential to renovate or expand in the future. The property is conveniently located at 3564 Franklin Ave, Miami, FL 33133, in Miami-Dade County. Please respect the privacy of the current tenants and refrain from disturbing them.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7247

Longitude

-80.2501

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