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    3101-03 9Th Ave Miami, FL 33127

    For Sale
    $610,000

    Prime Allapattah location, 2-unit duplex, high rental potential.

    Property size:
    2,095 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    300
    This exceptional investment opportunity presents a 2-unit apartment building located in Miami's desirable Allapattah neighborhood, specifically within the burgeoning WoW district. Built in 1959, this single-story property boasts a total of 2,095 square feet. The property is zoned as a duplex, offering flexibility for potential future development or commercial ventures. Currently configured as a two-unit apartment building, it presents a strong potential for immediate rental income and long-term appreciation. The asking price is $610,000. While some light rehabilitation is recommended, this presents a straightforward path to enhancing the property's value and maximizing returns. The property's location within the rapidly developing Allapattah WoW district ensures strong rental demand and significant potential for future growth. This is a compelling opportunity for investors seeking a versatile property in a high-growth area of Miami, Florida. The address is 3101-03 NW 9th Ave, Miami, FL 33127, within Miami-Dade County.

    Property Features for 3101-03 9Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,095 SF

    Building Details

    Year Built
    1959
    Stories
    1
    Units
    2

    HighLights

    • $610,000 asking price.
    • Multifamily property, specifically a duplex, totaling 2,095 square feet.
    • Two units.
    • Built in 1959, one story.
    • Located at 3101‑03 NW 9th Ave, Miami, FL 33127, in the Allapattah neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.210432
    Latitude
    25.8060064

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    FAQs

    What type of property is this?
    Multifamily property - Prime Allapattah location, 2-unit duplex, high rental potential.
    Where is this multifamily property located?
    The property is located at 3101-03 9Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $610,000.
    What are key features of this property?
    This property features: $610,000 asking price.; Multifamily property, specifically a duplex, totaling 2,095 square feet.; Two units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3101-03 9Th Ave Miami, FL 33127
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