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506 NW 7Th Ave Florida City, FL 33034

For Sale
$550,000

Duplex with 3-bedroom units, fully occupied, excellent cashflow.

Building Details

Year built
1983

Source: MSP Group, LLC Agent Samuel Mekras

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Florida City Duplex Investment Property

The property at 506 NW 7th Avenue is a duplex featuring spacious 3-bedroom, 2-bathroom units. Each unit includes central air conditioning, a spacious kitchen, a large living room, and laundry hook-ups. The units are individually metered for water and electricity. Tenants are billed directly for trash by Florida City, resulting in no utility expenses for the landlord. The property is currently 100% occupied, with each unit renting for $2,350, providing immediate cash flow for the new owner. This duplex is part of a portfolio of three adjacent duplexes, including 514 and 520 NW 7th Avenue, which can be purchased together or separately.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Florida City
County
Miami-Dade
State
Florida
Longitude
-80.48764
Latitude
25.453465

FAQs

What type of property is this?
Duplex - Duplex with 3-bedroom units, fully occupied, excellent cashflow.
Where is this duplex located?
The property is located at 506 NW 7Th Ave Florida City, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Excellent cash flow from day one with 100% occupancy and rents at $2,350 per unit.; - Low expenses due to tenants paying for water and trash, leaving the landlord with no utility expenses.; - Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, spacious kitchens, large living rooms, and laundry hook-ups.
More about this property
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