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    1321 29Th Ter Miami, FL 33142

    For Sale
    $640,000

    Prime Miami Duplex, High Growth Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This charming 1927-built, one-story duplex in Miami, Florida (33142), is offered at $640,000. Located near the Allapattah neighborhood, this income-producing property presents a compelling investment opportunity in a rapidly appreciating area. The property features two distinct units. The front unit boasts three bedrooms, one bathroom, tile flooring, a large patio, washer/dryer connections, and ample on-site parking. The rear unit offers two bedrooms, one bathroom, a spacious living area and bedrooms, a pleasant patio, and private parking. The property's location near Allapattah positions it for significant future value growth, mirroring the anticipated development seen in similar nearby areas. This duplex represents a rare chance to acquire a well-maintained, income-generating asset in a highly sought-after Miami location. The property's solid construction and desirable features make it an ideal investment for both seasoned and new investors seeking strong returns in a thriving market. This is a turnkey opportunity not to be missed. The address is 1321 NW 29th Ter, Miami, Miami-Dade County, FL.

    Property Features for 1321 29Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1927
    Stories
    1

    HighLights

    • Charming 1927‑built, one‑story duplex in Miami, FL (33142) offered at $640,000.
    • Located near Allapattah, this income‑producing property offers strong investment potential in a rapidly appreciating area.
    • Features two units: a 3 bed/1 bath front unit with patio, washer/dryer hookups, and ample parking; and a 2 bed/1 bath rear unit with patio and private parking.
    • Prime location poised for significant future value appreciation.
    • Well‑maintained, turnkey investment opportunity ideal for both experienced and new investors.
    Property Profile Insight Report 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
    -80.2179136
    Latitude
    25.8041754

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami Duplex, High Growth Potential
    Where is this multifamily property located?
    The property is located at 1321 29Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: Charming 1927-built, one-story duplex in Miami, FL (33142) offered at $640,000.; Located near Allapattah, this income-producing property offers strong investment potential in a rapidly appreciating area.; Features two units: a 3 bed/1 bath front unit with patio, washer/dryer hookups, and ample parking; and a 2 bed/1 bath rear unit with patio and private parking.
    Request Owner's contact information
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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
    1321 29Th Ter Miami, FL 33142
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