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    52 61St St Miami, FL 33127

    For Sale
    $499,900

    Two-unit duplex, central AC, separate meters.

    Property size:
    1,861 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This charming 1952-built Miami duplex presents a fantastic investment opportunity. Located at 52 NW 61st St, Miami, FL 33127, this corner property boasts two spacious 2-bedroom, 1-bathroom units, each with its own separate entrance. The 1,861 square foot building features central air conditioning for optimal comfort and convenience. Individual electric and water meters for each unit ensure efficient utility management and cost allocation. An added bonus is an extra room, perfect for guests or additional storage. This single-story building offers a straightforward investment with potential for immediate rental income. The property is priced firmly at $499,900, representing a compelling value in the desirable Miami-Dade County market. This is a chance to acquire a well-maintained property with strong potential for appreciation and rental returns. The property's location in Miami offers easy access to local amenities and transportation. Don't miss this chance to add a profitable asset to your portfolio.

    Property Features for 52 61St St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,861 SF

    Building Details

    Year Built
    1952
    Stories
    1
    Units
    2

    HighLights

    • Asking price: $499,900
    • Multifamily property, Duplex/Triplex/Quadruplex, 2 units.
    • 1,861 square feet.
    • Built in 1952, one story.
    • Located at 52 NW 61st St, Miami, FL 33127.
    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 Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1975672
    Latitude
    25.8318079

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, central AC, separate meters.
    Where is this multifamily property located?
    The property is located at 52 61St St Miami, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Asking price: $499,900; Multifamily property, Duplex/Triplex/Quadruplex, 2 units.; 1,861 square feet.
    Request Owner's contact information
    52 61St St Miami, FL 33127
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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
    52 61St St Miami, FL 33127
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