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    11515 12Th Ave Miami, FL 33161

    For Sale
    $900,000

    Luxury duplex, 6 bedrooms, high rental income.

    Property size:
    3,067 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Miami duplex presents a lucrative investment opportunity. Situated on an expansive 8,428 square foot lot at 11515 NE 12th Ave, Miami, FL 33161, this 1-story, 1960-built property boasts 3,067 square feet of living space, divided into two units. Each unit features 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across the property. Recent renovations include impact windows, central air conditioning, and updated electrical systems. The open kitchens feature breakfast bars, and each unit includes a private yard with mature fruit trees. A unique basement offers potential for conversion into an additional living space. The property's strategic location is just three blocks from Biscayne Park and Miami Shores, providing convenient access to the Biscayne corridor and Whole Foods. With a conservative estimated monthly rental income of $7,000, this property offers significant growth potential and is ideal for owner-occupancy or as a high-yield income property. Each unit is approximately 1,533.5 square feet. The asking price is $900,000.

    Property Features for 11515 12Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,067 SF

    Building Details

    Year Built
    1960
    Stories
    1
    Units
    2

    HighLights

    • Exceptional Miami duplex investment opportunity on an 8,428 sq ft lot.
    • 1‑story, 3,067 sq ft duplex built in 1960, featuring two 3 bed/1 bath units (6 beds/2 baths total).
    • Recent renovations include impact windows, central AC, and updated electric.
    • Open kitchens with breakfast bars, private yards with mature fruit trees, and a potential basement conversion.
    • Prime location, three blocks from Biscayne Park and Miami Shores, near Whole Foods and the Biscayne corridor.
    • Conservative estimated monthly rental income of $7,000, asking price $900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -80.1737989
    Latitude
    25.8820213

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    FAQs

    What type of property is this?
    Multifamily property - Luxury duplex, 6 bedrooms, high rental income.
    Where is this multifamily property located?
    The property is located at 11515 12Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Exceptional Miami duplex investment opportunity on an 8,428 sq ft lot.; 1-story, 3,067 sq ft duplex built in 1960, featuring two 3 bed/1 bath units (6 beds/2 baths total).; Recent renovations include impact windows, central AC, and updated electric.
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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
    11515 12Th Ave Miami, FL 33161
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