Address not disclosed, Miami, FL 33133
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Address not disclosed, Miami, FL 33133
Address not disclosed, Miami, FL 33133
Address not disclosed, Miami, FL 33133
Address not disclosed, Miami, FL 33133
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Karina Marx

Karina Marx

+1(786) 999-4504
$ 1,039,000
Est. payment /mo
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Price Dropped by $60K

Address not disclosed Miami, FL 33133

2,974 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,974 sqft

Price per Sqft $349

Subdivision Avalon Sub

MLS Listing ID A12072468

HOA Y/N No

Year Built 1924

Annual Tax Amount $14,609

Tax Year 2025

Property Sub-Type Duplex

Property Description

PRICE REDUCED — COCONUT GROVE AREA. High-yield value-add asset priced at just $349/sqft on a massive 3,043 SF footprint with immediate $6,300/mo cash flow. Discounted for some cosmetic updates. Great growth potential for cash buyer/1031 Exchange. • Asset & Lot: 100% Occupied Active multi-unit rental stream on an oversized ~6,953 sqft lot with ample parking. Some updates unlock a 7.5%+ Pro-Forma Cap Rate based on market rent projections. • Zoning & History: Grandfathered legal duplex. Features a legally permitted, structurally superior 1984 rear expansion (fully documented SF). Property search shows 1 unit because it has not been updated there, but the multi-unit layout is legal and fully established. • Roof & Location: Premium roof replaced just 3 years ago, drastically lowering insurance. Blocks to Coral Gables, Coconut Grove, Douglas Park, and Metrorail for a fast commute to Brickell/Downtown. Notice: Long-term residents are not yet aware of the sale; strictly do not disturb the occupants. Full financials will be shared upon request. Interior access will be granted upon verified upfront POF submitted directly to the listing agent.

Location

State FL

County Miami-dade

Community Avalon Sub

Area 41

Zoning 5700

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Ceramic Tile, Terrazzo

Exterior

Exterior Feature Patio

Pool None

Utilities Available Cable Available

Roof Type Flat,Shingle

Porch Patio

Total Parking Spaces 6

Private Pool No

Building

Lot Description Oversized Lot

Story 1

Sewer Public Sewer

Level or Stories One

Structure Type Block,Stone

Others

Tax ID 01-41-16-017-0210

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12072468

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Florida Capital Realty
Karina Marx

Karina Marx

Broker Associate License ID: IA.100089820

+1(786) 999-4504

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Address not disclosed