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    1042 76Th St Miami, FL 33150

    Sponsored
    For Sale
    $667,000

    Two-unit building, prime Miami location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a charming 1948-built, two-unit apartment building situated on a sizable 5500 square foot lot in Miami, Florida. The property, located at 1042 NW 76th St, 33150, boasts six bedrooms and four bathrooms spread across the two units. The building features central air conditioning (approximately 3 years old), an electrical panel (approximately 2 years old), and a water heater (approximately 5 years old). The roof is also relatively new, having been replaced approximately 6 years ago. This property presents a unique opportunity for investors seeking to capitalize on its potential. The generous lot size allows for expansion or redevelopment, given its zoning designation for duplex construction. Located in a rapidly gentrifying neighborhood within the city of Miami, this property offers significant upside potential for future appreciation. The existing structure provides immediate rental income, while the substantial lot size and zoning permit a variety of development options, including renovations, additions, or even a complete rebuild to maximize returns. This is a rare chance to acquire a property with strong rental income potential and significant long-term growth prospects in a desirable Miami location. Don't miss this chance to build your dream duplex or capitalize on this prime land play.

    Property Features for 1042 76Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1948
    Stories
    1
    Units
    2

    HighLights

    • Charming 1948‑built, two‑unit apartment building on a 5,500 sq ft lot in Miami, FL.
    • Six bedrooms, four bathrooms.
    • Recent upgrades include central AC (3 years old), electrical panel (2 years old), water heater (5 years old), and roof (6 years old).
    • Duplex zoning allows for expansion or redevelopment.
    • Located in a rapidly gentrifying Miami neighborhood, offering strong rental income and significant upside potential.
    Property Profile 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 Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2140543
    Latitude
    25.8437561

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit building, prime Miami location.
    Where is this multifamily property located?
    The property is located at 1042 76Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $667,000.
    What are key features of this property?
    This property features: Charming 1948-built, two-unit apartment building on a 5,500 sq ft lot in Miami, FL.; Six bedrooms, four bathrooms.; Recent upgrades include central AC (3 years old), electrical panel (2 years old), water heater (5 years old), and roof (6 years old).
    Request Owner's contact information
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    Miami, FL 33150
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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
    1042 76Th St Miami, FL 33150
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