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    1054 29Th St Miami, FL 33127

    For Sale
    $1,900,000

    Four-unit building, fully furnished, Wynwood proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 1054 29Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1983
    Stories
    2
    Units
    4

    HighLights

    • $1,900,000 asking price.
    • Four‑unit multifamily apartment building (duplex/triplex/quadruplex).
    • Built in 1983, two stories.
    • Located at 1054 NW 29th St, Miami, FL 33127, in Miami‑Dade County.
    • Fully furnished and ready for immediate rental (long‑term or short‑term/Airbnb).
    • Recently rehabbed with impact windows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant 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
    -80.212439
    Latitude
    25.8031229

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit building, fully furnished, Wynwood proximity.
    Where is this multifamily property located?
    The property is located at 1054 29Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; Four-unit multifamily apartment building (duplex/triplex/quadruplex).; Built in 1983, two stories.
    Request Owner's contact information
    1054 29Th St Miami, FL 33127
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    Miami, FL 33127
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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
    1054 29Th St Miami, FL 33127
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