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1054 29Th St Miami, FL 33127

OFF-MARKET Small apartment buildings Google Maps
Built 1983
Estimated value
No estimation on file for this property yet.
Property ID US18-1561345

Property summary

AI-generated overview

This exceptional four-unit apartment building, located at 1054 NW 29th St, Miami, FL 33127, presents a lucrative investment opportunity in the vibrant Miami market. Built in 1983, this two-story property is currently offered at $1,900,000. Each of the four units is fully furnished and ready for immediate occupancy, making it ideal for long-term rentals or short-term rentals such as Airbnb. The property has undergone a complete rehabilitation, boasting impact windows for enhanced security and energy efficiency. Its prime location offers convenient access to the trendy Wynwood neighborhood, just five minutes away, providing residents with easy access to a thriving arts scene, diverse culinary options, and vibrant nightlife. The property's potential is further amplified by the possibility of purchasing an adjacent sister building, creating a significant portfolio expansion opportunity. This turnkey investment is perfect for both seasoned investors and those seeking a strong entry point into the Miami real estate market. The property is situated in Miami-Dade County and offers a compelling combination of location, condition, and rental potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Small apartment buildings
Year built 1983
UPID US18-1561345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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