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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

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.
More about this property
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