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    3057 Day Ave Miami, FL 33133

    Sponsored
    For Sale
    $2,500,000

    Four-unit apartment building, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully occupied fourplex, situated in Miami's desirable Central Grove neighborhood, presents a compelling investment opportunity. Located just two blocks from Coco Walk, this property boasts a substantial 9,280 square foot lot, offering significant redevelopment potential for a savvy investor. The existing building, constructed in 1971, is a single-story structure comprising four apartment units. Currently generating positive cash flow, the property is ideally suited for an investor seeking immediate returns while simultaneously capitalizing on the burgeoning Coconut Grove market. The address is 3057 Day Ave, Miami, FL 33133, within Miami-Dade County. The asking price for this exceptional property is $2,500,000. Given its prime location, substantial lot size, and existing rental income, this fourplex represents a rare chance to acquire a valuable asset in a rapidly appreciating area. The property's potential for future development adds further to its appeal, making it an attractive proposition for both seasoned investors and those seeking a strong entry point into the Miami real estate market. The existing structure provides immediate income while the land offers significant long-term upside.

    Property Features for 3057 Day Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1971
    Stories
    1
    Units
    4

    HighLights

    • Fully occupied fourplex in Miami's desirable Central Grove neighborhood.
    • 9,280 square foot lot with significant redevelopment potential.
    • Single‑story building constructed in 1971, comprising four apartment units.
    • Generating positive cash flow; asking price $2,500,000.
    • Prime location two blocks from Coco Walk, offering strong long‑term appreciation.
    Property Profile 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
    -80.2427601
    Latitude
    25.732017

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high potential.
    Where is this multifamily property located?
    The property is located at 3057 Day Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Fully occupied fourplex in Miami's desirable Central Grove neighborhood.; 9,280 square foot lot with significant redevelopment potential.; Single-story building constructed in 1971, comprising four apartment units.
    Request Owner's contact information
    3057 Day Ave Miami, FL 33133
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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
    3057 Day Ave Miami, FL 33133
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