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    408 11Th Ave Miami, FL 33128

    For Sale
    $650,000

    Legal duplex, two units, great investment.

    Property size:
    1,408 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a legal duplex located in Miami, Florida, at 408 NW 11th Ave, 33128. Situated on a desirable corner lot spanning 5,000 square feet, this property offers two identical units, each boasting 2 bedrooms and 1 bathroom. Built in 2003, the single-story building comprises 1,408 square feet of living space and features central air conditioning in both units. The property benefits from a gated entrance, enhancing security and privacy. One unit is currently occupied by a tenant, providing immediate rental income, while the other unit is vacant and ready for immediate occupancy or lease. The asking price for this multifamily property is $650,000. This property's location near the Miami River offers convenient access to various amenities and attractions. The property's newer construction and desirable features make it an attractive investment for both seasoned and new investors seeking a strong return on investment in the thriving Miami real estate market. This is a turnkey opportunity to acquire a well-maintained, income-generating property in a prime location.

    Property Features for 408 11Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,408 SF

    Building Details

    Year Built
    2003
    Stories
    1
    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 Clothing Store Nail Salon Food Market 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
    -80.2133376
    Latitude
    25.777579

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    FAQs

    What type of property is this?
    Multifamily property - Legal duplex, two units, great investment.
    Where is this multifamily property located?
    The property is located at 408 11Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $650,000.
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    408 11Th Ave Miami, FL 33128
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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
    408 11Th Ave Miami, FL 33128
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