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Income-Producing Duplexes Development Opportunity

2900 NW 10th Ave, Miami, FL 33127

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For Sale

$1,375,000

Income-generating duplexes on a corner lot with development potential.

Type:Multi Family

Property size:

3,640 SF

Lot size:

0.31 Acres

Price / SF:

$377/SF

HighLights

Income‑Producing: Two fully occupied duplexes provide immediate cash flow.
Development Potential: Vacant portion of the 13,500 sq. ft. corner lot is ready for new construction.
Prime Location: Close proximity to schools, shopping, dining, and major highways.
High‑Demand Area: Strong rental demand supports expansion or new development.
Large Corner Lot: 13,500 sq. ft. provides ample space for current structures and future projects.
Month‑to‑Month Rentals: Offers flexibility for rent adjustments or redevelopment.

We can help!

Contact an agent

Valeria Perez PA

For Sale

$1,375,000

Income-generating duplexes on a corner lot with development potential.

Type:Multi Family

Property size:

3,640 SF

Lot size:

0.31 Acres

Price / SF:

$377/SF

Added:: Jan 7, 2025
Days on Market:: 547
Last Refresh:: Apr 5 at 9:32 pm

Property Features for 2900 NW 10th Ave

General Information

Standard status: Active
Size: 3,640 SF
Lot size: 0.31 Acres
Property subtype: Multi Family

Building Details

Year Built: 1946

We can help!

Contact an agent

Valeria Perez PA

Listing office Trust Invest Real Estate Corp

Listing date Jan 7, 2025

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Trust Invest Real Estate Corp

HighLights

Income‑Producing: Two fully occupied duplexes provide immediate cash flow.
Development Potential: Vacant portion of the 13,500 sq. ft. corner lot is ready for new construction.
Prime Location: Close proximity to schools, shopping, dining, and major highways.
High‑Demand Area: Strong rental demand supports expansion or new development.
Large Corner Lot: 13,500 sq. ft. provides ample space for current structures and future projects.
Month‑to‑Month Rentals: Offers flexibility for rent adjustments or redevelopment.

Overview

This property features two fully occupied, income-producing duplexes situated on a 13,500 sq. ft. corner lot. The property is located in a high-demand area, minutes from schools, shopping, dining, and major highways. A vacant portion of the lot is available for further development, offering the potential to add more units or start a new project. The existing duplexes are currently rented on a month-to-month basis, providing immediate cash flow. The property's location and the strong rental demand in the area make it suitable for investors and developers looking to expand or create a new development. The property size is 3,640 sqft.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$111.4k	$30.60
− Vacancy	−$7.1k	−$1.95
EGI	$104.3k	$28.65
− OpEx	−$31.3k	−$8.60
NOI	$73.0k	$20.06

3,640 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.04M

$912.5K – $1.22M (±1% cap)

NOI $73,002 @ 7.0% cap · market cap 5.31%

Second Best

Apartment 5plus

$960.6K

$840.5K – $1.12M (±1% cap)

NOI $67,243 @ 7.0% cap · market cap 4.89%

Theoretical Best

Specialty Retail

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $171,992 @ 7.0% cap · market cap 12.51%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.21163
Latitude: 25.803735

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For sale
Duplexes
FL
Miami
33127
2900 NW 10th Ave

What type of property is this?

Duplex - Income-generating duplexes on a corner lot with development potential.

Where is this duplex located?

The property is located at 2900 NW 10th Ave Miami, FL.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: Income‑Producing: Two fully occupied duplexes provide immediate cash flow.; Development Potential: Vacant portion of the 13,500 sq. ft. corner lot is ready for new construction.; Prime Location: Close proximity to schools, shopping, dining, and major highways.