655 135Th StNorth Miami, FL 33161

Property Details for 655 135Th St

Year built

1951

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a 1-story, 1951-built duplex located at 655 NE 135th St, North Miami, FL 33161, in Miami-Dade County. Priced at $850,000, this property boasts a strong rental income stream. The duplex features five units currently rented on a month-to-month basis, generating a total gross monthly income of $8,700. The unit breakdown includes: one 2-bedroom, 1-bathroom unit renting for $2,600; another 2-bedroom, 1-bathroom unit at $2,500; one studio at $1,100; another studio at $1,000; and a 1-bedroom, 1-bathroom unit at $1,500. The property benefits from a recently replaced roof (July 22, 2024), minimizing immediate maintenance concerns. This property is being sold "as is," and prospective buyers are encouraged to conduct a thorough inspection. Due to the multiple tenants, scheduling a comprehensive viewing of the entire property may present logistical challenges. This is an ideal investment for business-minded individuals seeking a high-return property in a desirable North Miami location. The property is conveniently situated in the heart of North Miami, offering easy access to local amenities and transportation.

Location Insight

City

North Miami

County

Miami-Dade

State

Florida

Latitude

25.8998

Longitude

-80.1856

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