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    1250 109Th St Miami, FL 33161

    For Sale
    $750,000

    High-Income Potential, Newly Renovated Duplex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 1-story, 1957-built duplex in Miami, Florida (33161), is offered at $750,000. Boasting a brand new roof (July 2024), completely updated plumbing, kitchens, bathrooms, and flooring, this property presents a compelling investment opportunity. Each unit includes its own washer/dryer, and separate water and electric meters. The property is AirBnB approved and projects a monthly income potential of $6,000-$8,000. Showings are available after acceptance of an offer, with a 5-day inspection period allowed. Located near golf courses, major highways, and shopping centers, this property enjoys a prime location close to Bal Harbour & Aventura Malls, Wynwood, the Design District, and Miami Shores. It's also just 15 minutes from the beach! The multi-family zoning allows for expansion, with potential for 2-9 units. This is an exceptional opportunity for investors seeking a high-return, turnkey property in a desirable Miami location. The address is 1250 NE 109th St, Miami, Miami-Dade County, Florida.

    Property Features for 1250 109Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1957
    Stories
    1

    HighLights

    • 1957‑built, 1‑story duplex in Miami, FL (33161) offered at $750,000.
    • Completely renovated with new roof (July 2024), plumbing, kitchens, bathrooms, and flooring.
    • Each unit features a washer/dryer and separate utilities.
    • AirBnB approved, projecting $6,000-$8,000 monthly income.
    • Prime location near major highways, shopping, and beaches; close to Bal Harbour, Aventura, Wynwood, and Design District.
    • Multi‑family zoning allows for expansion up to 9 units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1725097
    Latitude
    25.8755386

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    FAQs

    What type of property is this?
    Multifamily property - High-Income Potential, Newly Renovated Duplex
    Where is this multifamily property located?
    The property is located at 1250 109Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1957-built, 1-story duplex in Miami, FL (33161) offered at $750,000.; Completely renovated with new roof (July 2024), plumbing, kitchens, bathrooms, and flooring.; Each unit features a washer/dryer and separate utilities.
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    Miami, FL 33161
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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
    1250 109Th St Miami, FL 33161
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