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    1721 24Th Ter Miami, FL 33145

    Sponsored
    For Sale
    $1,100,000

    Kensington Park gem: 2-unit, high-return potential.

    Property size:
    2,713 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-unit apartment building, located at 1721 SW 24th Ter in Miami, Florida, presents a compelling investment opportunity. The property, classified as a Class B multifamily building, comprises two structures totaling 2,713 square feet on a 7,425 square foot lot. Built in 1926, the property features a main house with four bedrooms and three bathrooms, and a detached one-bedroom, one-bathroom unit. Both units boast spacious layouts, including large kitchens, dens, and dining areas, enhanced by high ceilings. Significant upgrades have already been completed, including new impact windows and a new roof installed in 2023. Furthermore, both units have undergone plumbing upgrades to copper and PVC, with the removal of outdated ironwork. The property's zoning is T3-R-SUBURBAN ZONE. Its enviable location across from Coconut Grove and adjacent to The Roads, between Brickell and Coral Gables, offers unparalleled convenience and access to Miami's vibrant lifestyle. This property is ideal for investors seeking strong returns or individuals desiring a low-maintenance, high-value property in a prime location, minimizing the commute while maintaining proximity to major employment centers and amenities. The asking price is $1,100,000.

    Property Features for 1721 24Th Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,713 SF
    Class
    B

    Building Details

    Year Built
    1926
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $1,100,000 asking price for this Miami, FL multifamily investment opportunity.
    • Two‑unit, Class B apartment building (duplex) totaling 2,713 square feet.
    • Situated on a 7,425 square foot lot in the desirable Kensington Park neighborhood.
    • Built in 1926, featuring two one‑story buildings.
    • Recently renovated with new impact windows and roof (2023), upgraded plumbing, and removal of ironwork.
    Property Profile Location Intelligence

    Current Use by Public Records

    All American Home ... Home Inspector El carajo international. Bar & Grill Dynamic Inspections Home Inspector

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -80.222297745841
    Latitude
    25.746748800531

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    FAQs

    What type of property is this?
    Multifamily property - Kensington Park gem: 2-unit, high-return potential.
    Where is this multifamily property located?
    The property is located at 1721 24Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for this Miami, FL multifamily investment opportunity.; Two-unit, Class B apartment building (duplex) totaling 2,713 square feet.; Situated on a 7,425 square foot lot in the desirable Kensington Park neighborhood.
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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
    1721 24Th Ter Miami, FL 33145
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