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    578 97Th St Miami, FL 33150

    Sponsored
    For Sale
    $684,000

    Charming 2-unit duplex near Downtown Miami.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained, 1-story duplex located at 578 NW 97th St, Miami, FL 33150, in Miami-Dade County. Built in 1940, this property offers two units: a 4-bedroom, 2-bathroom main house and a 2-bedroom, 1-bathroom unit in the back. The asking price is $684,000. Its convenient location provides easy access to Downtown Miami Shores, Wynwood, the Design District, and Little Haiti, with quick connections to I-95 and other major highways. This multifamily property is ideal for investors seeking a strong return in a desirable Miami location. The property functions as a duplex, offering a combined total of six bedrooms and three bathrooms across its two units. The property's single-story design simplifies maintenance and management. This presents a compelling opportunity for investors looking to capitalize on the growing Miami real estate market. The property's proximity to major transportation arteries and vibrant neighborhoods enhances its appeal and potential rental income. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 578 97Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1940
    Stories
    1
    Units
    2

    HighLights

    • Exceptional investment opportunity: 1‑story duplex in Miami, FL.
    • Well‑maintained property with six bedrooms and three bathrooms.
    • Asking price: $684,000.
    • Prime location near Downtown Miami Shores, Wynwood, Design District, and Little Haiti, with easy highway access.
    • Ideal for investors seeking strong returns in a desirable Miami market.
    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 Building Supply Clothing Store 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
    -80.2073267
    Latitude
    25.8640184

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    FAQs

    What type of property is this?
    Multifamily property - Charming 2-unit duplex near Downtown Miami.
    Where is this multifamily property located?
    The property is located at 578 97Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $684,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 1-story duplex in Miami, FL.; Well-maintained property with six bedrooms and three bathrooms.; Asking price: $684,000.
    Request Owner's contact information
    578 97Th St Miami, FL 33150
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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
    578 97Th St Miami, FL 33150
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