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    570 48Th St Miami, FL 33127

    For Sale
    $945,000

    Fully renovated, 2-unit duplex in Buena Vista.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This stunning, fully renovated duplex in Miami's Buena Vista neighborhood presents a compelling investment opportunity, boasting a 6.00% cap rate. Built in 1924 and meticulously updated, this Class A property features two units: a main residence and a separate guest studio. The main residence showcases a brand-new kitchen equipped with state-of-the-art cabinetry, an island, and high-end appliances. Elegant tile flooring and luxurious bathroom finishes enhance the property's appeal. A fenced backyard provides privacy and separates the main residence from the guest studio. The guest studio, accessed via its own gate and driveway, offers versatility for hosting guests or generating rental income. This single-story building is ideally situated in a rapidly developing area, providing convenient access to the Design District, Midtown shops, and the Wynwood Art District. The asking price is $945,000. This property is perfect for both investors seeking strong returns and owner-occupants desiring a luxurious and convenient lifestyle in a vibrant Miami neighborhood. The address is 570 NW 48th Street, Miami, FL 33127, within Miami-Dade County.

    Property Features for 570 48Th St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Built
    1924
    Stories
    1
    Units
    2

    HighLights

    • $945,000 Asking Price
    • Class A, Multifamily Apartment Building (Duplex) in Miami, FL
    • 6.00% Cap Rate
    • Two Units
    • Built in 1924, One Story
    • Fully renovated with modern finishes, including new kitchen and bathrooms. Separate guest unit with private access. Located in a rapidly growing Miami neighborhood near the Design District and Wynwood.
    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 Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2052417
    Latitude
    25.8196315

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    FAQs

    What type of property is this?
    Multifamily property - Fully renovated, 2-unit duplex in Buena Vista.
    Where is this multifamily property located?
    The property is located at 570 48Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: $945,000 Asking Price; Class A, Multifamily Apartment Building (Duplex) in Miami, FL; 6.00% Cap Rate
    Request Owner's contact information
    570 48Th St Miami, FL 33127
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    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
    570 48Th St Miami, FL 33127
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