7 50Th StMiami, FL 33137

Property Details for 7 50Th St

Year built

1951

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Miami-Dade County investment property, located at 7 NE 50th St, offers a compelling opportunity for savvy investors. The 1951-built, single-story building boasts 1,317 square feet of living space situated on a generous 4,040 square foot lot. Originally designed as a legal duplex, the property is currently configured as a comfortable single-family home, presenting a flexible layout for future use. The property features four bedrooms and two bathrooms, providing ample space for residents. Its T4-L zoning allows for diverse potential uses and development options. The property's strong financial performance is highlighted by a net operating income of $77,855.00, making it an attractive addition to any investment portfolio. The asking price is $975,000. Enjoy the Florida sunshine by the pool at this income-generating gem in the heart of Miami, Florida, zip code 33137. This is a rare opportunity to acquire a well-maintained property with significant upside potential in a thriving market. The property's location in Miami offers easy access to major transportation routes, amenities, and attractions. Don't miss this chance to secure a valuable asset in one of Florida's most desirable cities.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8216

Longitude

-80.1955

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