62 73Rd PlMiami, FL 33126

Property Details for 62 73Rd Pl

Year built

1945

Property size (Sq ft)

3,105 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Miami investment opportunity presents a legal triplex spanning over 3,105 square feet. Built in 1945, this single-story property boasts three separate units: a spacious three-bedroom, two-bathroom unit, and two one-bedroom, one-bathroom units. Each of the one-bedroom units features its own private backyard, enhancing their appeal and rental value. All units are currently leased on a month-to-month basis to long-term tenants, currently paying below market rates, presenting immediate potential for increased income. Recent upgrades include a new septic tank and new driveways, minimizing immediate maintenance concerns. The property's prime location in Miami, Florida, within the Winona Park 1st Addition neighborhood, offers convenient access to major highways, shopping centers, and a variety of restaurants. The property includes three individual electric meters and three water meters. Showings are strictly by appointment only to ensure tenant privacy. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable Miami location. The asking price is $1,050,000.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7711

Longitude

-80.3157

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