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    1261 27Th St Miami, FL 33142

    For Sale
    $1,149,000

    Historic Miami Duplex/Triplex, High Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional multifamily investment property, located at 1261 NW 27th St, Miami, FL 33142, presents a rare opportunity in Miami's desirable West End Park area. Built in 1923, this two-story apartment building boasts a total of five units: four spacious 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom unit. All units are currently fully rented, providing a consistent and reliable income stream with long-term tenants in place, making this an ideal investment for passive income generation. The property's prime location offers easy access to major highways, including the Florida State Road 112 and I-95, ensuring convenient commutes to Miami Beach, Brickell, and Downtown Miami. This well-maintained building presents a strong return on investment potential in a rapidly appreciating market. The asking price is $1,149,000. This is a turn-key opportunity for an investor seeking a stable and profitable addition to their portfolio. The property is situated in Miami-Dade County and benefits from the vibrant urban core location. The building's solid construction and consistent occupancy history make it a compelling investment prospect. Don't miss this chance to acquire a piece of Miami's thriving real estate market.

    Property Features for 1261 27Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1923
    Stories
    2

    HighLights

    • $1,149,000 asking price.
    • Multifamily apartment building, specifically a duplex/triplex/quadruplex.
    • Built in 1923, two stories.
    • Located at 1261 NW 27th St, Miami, FL 33142, in a desirable area with easy highway access (FSR‑112, I‑95) and proximity to Miami Beach, Brickell, and Downtown.
    • Five units total: four 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit; all currently fully rented with long‑term tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2166415
    Latitude
    25.8017859

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    FAQs

    What type of property is this?
    Multifamily property - Historic Miami Duplex/Triplex, High Income
    Where is this multifamily property located?
    The property is located at 1261 27Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: $1,149,000 asking price.; Multifamily apartment building, specifically a duplex/triplex/quadruplex.; Built in 1923, two stories.
    Request Owner's contact information
    1261 27Th St Miami, FL 33142
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    Miami, FL 33142
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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
    1261 27Th St Miami, FL 33142
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