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    2783 33Rd Ct Miami, FL 33133

    For Sale
    $1,490,000

    Two-unit building, prime Coconut Grove location.

    Property size:
    1,405 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity in Miami's desirable Coconut Grove neighborhood presents a charming 1-story, 1,405 square foot multifamily property built in 1956. The property, located at 2783 - 2785 SW 33rd Ct, Miami, FL 33133, consists of two units. One unit offers 2 bedrooms and 1 bathroom, while the other features 1 bedroom and 1 bathroom. Both units boast tasteful updates, including modern tile flooring, contemporary kitchens equipped with stainless steel appliances, and upgraded bathrooms. The property's significant appeal lies in its strong rental potential, making it an ideal investment for those seeking passive income. Beyond the units themselves, a sizable backyard provides ample space for outdoor enjoyment or potential future expansion. Its prime location within Coconut Grove offers easy access to a vibrant array of parks, restaurants, and shops, with Coral Gables and downtown Miami just minutes away. This versatile property presents a compelling opportunity for both investors and those seeking a prime residential location with income-generating potential. The asking price for this multifamily property is $1,490,000.

    Property Features for 2783 33Rd Ct

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,405 SF

    Building Details

    Year Built
    1956
    Stories
    1

    HighLights

    • Charming 1‑story, 1,405 sq ft multifamily property in desirable Coconut Grove.
    • Two‑unit building located at 2783‑2785 SW 33rd Ct, Miami, FL 33133.
    • Unit mix: one 2/1, one 1/1, both with updated kitchens and baths, modern tile.
    • Strong rental potential, ideal for passive income generation.
    • Large backyard, potential for expansion.
    • Prime Coconut Grove location, close to parks, restaurants, shops, Coral Gables & Downtown Miami.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2485765
    Latitude
    25.7395516

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit building, prime Coconut Grove location.
    Where is this multifamily property located?
    The property is located at 2783 33Rd Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Charming 1-story, 1,405 sq ft multifamily property in desirable Coconut Grove.; Two-unit building located at 2783-2785 SW 33rd Ct, Miami, FL 33133.; Unit mix: one 2/1, one 1/1, both with updated kitchens and baths, modern tile.
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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
    2783 33Rd Ct Miami, FL 33133
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