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    2388-2390 173 St North Miami Beach, FL 33160

    For Sale
    $950,000

    Renovated Duplex, Excellent Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This beautifully renovated duplex in North Miami Beach, Florida, presents a compelling investment opportunity. Located at 2388-2390 NE 173rd St, 33160, this single-story, 1965-built property is offered at $950,000. Each of the two units boasts modern upgrades, significantly enhancing both livability and potential rental income. The improvements include impact windows and doors, providing superior security and energy efficiency, reducing operational costs for the owner. Adding to the appeal, each unit enjoys its own private patio, offering residents a tranquil outdoor space for relaxation or entertaining. The property's location in Miami-Dade County, within the vibrant North Miami Beach community, contributes to its strong investment potential. This versatile property is ideal for investors seeking a stable income stream or homeowners looking for supplemental income. The combination of modern upgrades, desirable location, and the inherent value of a multi-family property makes this an exceptional opportunity. The property's single-story design simplifies maintenance and management, further enhancing its appeal to potential buyers. This is a turnkey investment ready for immediate occupancy and income generation.

    Property Features for 2388-2390 173 St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1965
    Stories
    1

    HighLights

    • $950,000 asking price.
    • Multifamily property, specifically a duplex/triplex/quadruplex apartment building.
    • Built in 1965, one‑story structure.
    • Located at 2388‑2390 NE 173rd St, North Miami Beach, FL 33160 in Miami‑Dade County.
    • Features renovated units with impact windows and doors.
    • Each unit includes a private patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1524043
    Latitude
    25.9354475

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, Excellent Returns
    Where is this multifamily property located?
    The property is located at 2388-2390 173 St North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; Multifamily property, specifically a duplex/triplex/quadruplex apartment building.; Built in 1965, one-story structure.
    Request Owner's contact information
    2388-2390 173 St North Miami Beach, FL 33160
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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
    2388-2390 173 St North Miami Beach, FL 33160
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