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    1340 102Nd St Miami, FL 33147

    For Sale
    $635,000

    Recently remodeled duplex; excellent rental returns.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a recently remodeled duplex located at 1340 NW 102nd St, Miami, FL 33147, in Miami-Dade County. Built in 1955, this single-story apartment building offers two units, each boasting two bedrooms and one bathroom. The property benefits from modern updates throughout, ensuring a move-in ready condition for tenants and maximizing rental income potential. The location is described as a "red hot rental area," promising strong returns for investors. Each unit has its own water meter, and the property features two separate electric meters (as-is). The asking price for this attractive multifamily property is $635,000. Note that the sale is contingent upon the buyer's acceptance of the property's current condition; no appraisal contingency is included in the sale. This duplex represents a compelling opportunity for investors seeking a strong return in a desirable Miami location. The property's condition and location combine to create a potentially lucrative investment.

    Property Features for 1340 102Nd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1955
    Stories
    1

    HighLights

    • $635,000 asking price.
    • Multifamily property, specifically a duplex, built in 1955.
    • One‑story building located at 1340 NW 102nd St, Miami, FL 33147.
    • Recently remodeled with two 2‑bedroom, 1‑bathroom units.
    • Located in a high‑demand rental area, offering strong rental income potential.
    • Sold AS IS; no appraisal contingency; two separate water and electric meters.
    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
    -80.2209991
    Latitude
    25.8677973

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    FAQs

    What type of property is this?
    Multifamily property - Recently remodeled duplex; excellent rental returns.
    Where is this multifamily property located?
    The property is located at 1340 102Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: $635,000 asking price.; Multifamily property, specifically a duplex, built in 1955.; One-story building located at 1340 NW 102nd St, Miami, FL 33147.
    Request Owner's contact information
    1340 102Nd St Miami, FL 33147
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    Miami, FL 33147
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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
    1340 102Nd St Miami, FL 33147
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