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    272 58Th St Miami, FL 33127

    For Sale
    $1,140,000

    Renovated Duplex, High ROI Potential, Leased

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This meticulously renovated 1963-built duplex in Miami, FL, presents a compelling investment opportunity. Located at 272 NW 58th St, 33127, this two-unit property boasts a recent (2024) complete renovation, including new roofs and kitchens featuring quartz countertops. Each unit includes its own laundry room. The detached homes, separated by a modern 6-foot fence, offer separate entrances, ideal for single families or multi-family occupancy. Low maintenance and impressive finishes contribute to headache-free management. Situated within an opportunity zone, this property benefits from its proximity to the Design District, Wynwood, and Edgewater. Currently leased with long-term tenants, the sale includes the assignment of lease rights, providing immediate rental income. A refund is offered upon transaction completion. The asking price is $1,140,000. Please do not disturb the tenants.

    Property Features for 272 58Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1963
    Stories
    1
    Units
    2
    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 Clothing Store Building Supply 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
    -80.201584
    Latitude
    25.828546

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, High ROI Potential, Leased
    Where is this multifamily property located?
    The property is located at 272 58Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,140,000.
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    272 58Th 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
    272 58Th St Miami, FL 33127
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