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    1647 29Th Ave Miami, FL 33125

    For Sale
    $950,000

    High-yield, turnkey fourplex near Freedom Park

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional one-story, four-unit apartment building, constructed in 1967, presents a compelling investment opportunity in Miami, Florida. Located at 1647 NW 29th Ave, in the 33125 zip code, this property boasts five bedrooms and four full bathrooms distributed across its four fully furnished units. Each unit is equipped with all necessary appliances, making it a truly turnkey operation. The property's proven track record of success over the past two years as a short-term rental, potentially including Airbnb, demonstrates its strong income-generating potential. Its convenient location offers proximity to Miami Freedom Park, the future home of the Inter Miami CF stadium, promising continued growth and high demand in the area. This is a rare chance to acquire a hassle-free, high-performing multifamily property in a prime Miami location. The asking price for this exceptional investment is $950,000. The property's single-story design and established rental history make it an attractive option for investors seeking immediate returns and long-term appreciation. Don't miss this chance to own a piece of Miami's vibrant real estate market.

    Property Features for 1647 29Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1967
    Stories
    1

    HighLights

    • $950,000 asking price.
    • Multifamily property; fourplex apartment building.
    • Built in 1967, one‑story.
    • Five bedrooms and four full bathrooms across four furnished units.
    • Excellent short‑term rental history (Airbnb potential).
    • Prime Miami location, minutes from future Inter Miami CF Stadium.
    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 Nail Salon Clothing Store 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
    -80.2416514
    Latitude
    25.7897703

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    FAQs

    What type of property is this?
    Multifamily property - High-yield, turnkey fourplex near Freedom Park
    Where is this multifamily property located?
    The property is located at 1647 29Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; Multifamily property; fourplex apartment building.; Built in 1967, one-story.
    Request Owner's contact information
    1647 29Th Ave 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
    1647 29Th Ave Miami, FL 33125
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