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    1842 18Th Ter Miami, FL 33125

    For Sale
    $494,999

    Six-bedroom, four-bath; prime Miami location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This charming 1925 single-story apartment building in Miami, Florida, presents a compelling investment opportunity. Located at 1842 NW 18th Ter, Miami, FL 33125, this property boasts convenient access from two streets, offering excellent visibility and accessibility. The building comprises six bedrooms and four bathrooms, distributed across multiple units. The layout includes three one-bedroom, one-bathroom units in the front and a three-bedroom, one-bathroom unit in the back. Its strategic location places it within walking distance of the TimeLine of Miami Building, and the Miami River, nestled between River Cove Marina and Hurricane Cove Marina & Boatyard. Furthermore, it enjoys proximity to major medical facilities such as the University of Miami Hospital and Jackson Memorial Hospital, as well as the Miami-Dade Attorney's Office. Currently, rental income is below market value, presenting significant potential for increased profitability. The property is being offered "as-is," and all offers must include proof of funds. The asking price is $494,999. Please note that this is a tenant-occupied property; therefore, please do not disturb the residents.

    Property Features for 1842 18Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1925
    Stories
    1

    HighLights

    • $494,999 asking price.
    • Multifamily apartment building (duplex/triplex/quadruplex).
    • Built in 1925, one story.
    • Six bedrooms, four bathrooms.
    • Located in Miami, FL, 33125, near major hospitals and the Miami River.
    • As‑Is sale; proof of funds required with offers.
    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
    -80.2262196
    Latitude
    25.792181

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    FAQs

    What type of property is this?
    Multifamily property - Six-bedroom, four-bath; prime Miami location.
    Where is this multifamily property located?
    The property is located at 1842 18Th Ter Miami, FL.
    What is the asking price?
    The asking price for this property is $494,999.
    What are key features of this property?
    This property features: $494,999 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; Built in 1925, one story.
    Request Owner's contact information
    1842 18Th Ter 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
    1842 18Th Ter Miami, FL 33125
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