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    1135 33Rd Ave Miami, FL 33125

    For Sale
    $1,050,000

    Three-unit building, high-growth potential, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 3-unit apartment building, located at 1135 NW 33rd Ave in Miami, Florida, 33125, presents a compelling investment opportunity. Built in 1946, this two-story structure currently operates as a triplex. The asking price is $1,050,000. Situated in Miami-Dade County, the property benefits from its prime location within a vibrant and dynamic neighborhood. Its accessibility to major highways and public transportation ensures convenient commutes for residents. The proximity to Miami's cultural and entertainment districts further enhances its appeal. This property offers significant upside potential. Investors can choose to maintain the existing triplex configuration or capitalize on the opportunity to expand the property. The existing structure allows for potential redevelopment and expansion, with the possibility of increasing the unit count to nine. This makes it an attractive prospect for investors seeking to maximize their return on investment in a high-demand area. The property's strong location and potential for expansion make it a versatile and promising investment in a rapidly growing market.

    Property Features for 1135 33Rd Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1946
    Stories
    2
    Units
    3

    HighLights

    • $1,050,000 asking price.
    • Miami, FL multifamily investment opportunity.
    • Three‑unit triplex, 1946 construction, two stories.
    • Potential for expansion to nine units.
    • Prime Miami location with easy access to highways and amenities.
    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
    -80.2499675
    Latitude
    25.7835581

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit building, high-growth potential, excellent location.
    Where is this multifamily property located?
    The property is located at 1135 33Rd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: $1,050,000 asking price.; Miami, FL multifamily investment opportunity.; Three-unit triplex, 1946 construction, two stories.
    Request Owner's contact information
    1135 33Rd Ave Miami, FL 33125
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    Miami, FL 33125
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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
    1135 33Rd Ave Miami, FL 33125
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