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    1020 33Rd St Miami, FL 33127

    For Sale
    $720,000

    Prime Wynwood Duplex, High Returns

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This beautifully remodeled, one-story duplex in Miami's desirable Wynwood neighborhood presents a compelling investment opportunity. Built in 1952 and extensively renovated in 2024, the property boasts a fresh, modern aesthetic with artistic tile flooring and fresh paint throughout. The roof was updated in 2019, ensuring long-term durability, and all units feature energy-efficient mini-split AC systems in both bedrooms and living areas, providing comfort and cost savings. High-impact windows were also installed during the 2024 renovation. Currently tenant-occupied, this property generates a substantial monthly income of $5,700. Its strategic location near Wynwood's vibrant art scene and burgeoning development makes it an ideal investment for those seeking strong rental returns and appreciation potential. The property includes an additional efficiency unit, offering flexibility for house hacking or maximizing rental income. This multifamily property, classified as an apartment building and duplex/triplex/quadruplex, is situated at 1020 NW 33rd St, Miami, FL 33127, in Miami-Dade County. The asking price is $720,000. This is a rare chance to acquire a high-performing asset in one of Miami's most dynamic neighborhoods. Don't miss this opportunity to capitalize on the thriving Miami real estate market.

    Property Features for 1020 33Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1952
    Stories
    1

    HighLights

    • Beautifully remodeled one‑story duplex in Wynwood, Miami.
    • Extensive 2024 renovation with modern aesthetic, artistic tile, and fresh paint.
    • New roof (2019) and energy‑efficient mini‑split AC systems.
    • High‑impact windows installed in 2024.
    • Currently generating $5,700 monthly rental income.
    • Includes an additional efficiency unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.212047
    Latitude
    25.8070102

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    FAQs

    What type of property is this?
    Multifamily property - Prime Wynwood Duplex, High Returns
    Where is this multifamily property located?
    The property is located at 1020 33Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Beautifully remodeled one-story duplex in Wynwood, Miami.; Extensive 2024 renovation with modern aesthetic, artistic tile, and fresh paint.; New roof (2019) and energy-efficient mini-split AC systems.
    Request Owner's contact information
    1020 33Rd 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
    1020 33Rd St Miami, FL 33127
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