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    1355 12Th St Miami, FL 33135

    For Sale
    $1,950,000

    Prime Miami location, fully rented, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a fully rented triplex located at 1355 SW 12th St, Miami, FL 33135, in the heart of a booming neighborhood. The property, built in 1978, consists of two separate two-story buildings situated on a desirable corner lot, offering ample parking. The unit mix includes a spacious 5-bedroom, 3-bathroom unit, a 2-bedroom, 2-bathroom unit, and a 2-bedroom, 1-bathroom unit, along with an in-law quarters. All units are currently rented on a month-to-month basis, providing immediate cash flow. Recent upgrades include impact windows and doors, and a new roof. The property also features a large patio. Its strategic location places it within easy walking distance of Calle Ocho and a short drive from Brickell, Downtown Miami, Wynwood, and Midtown, ensuring strong rental demand and future appreciation potential. The asking price for this exceptional multifamily investment is $1,950,000. This is a rare opportunity to acquire a well-maintained, high-performing property in one of Miami's most dynamic areas.

    Property Features for 1355 12Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1978
    Stories
    2

    HighLights

    • $1,950,000 asking price.
    • Multifamily property, specifically a triplex apartment building.
    • 1978 construction, two stories.
    • Located at 1355 SW 12th St, Miami, FL 33135, in Miami‑Dade County.
    • Features include impact windows and doors, a new roof, and ample parking.
    • Fully rented with month‑to‑month tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -80.2178182
    Latitude
    25.7621422

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami location, fully rented, high ROI.
    Where is this multifamily property located?
    The property is located at 1355 12Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; Multifamily property, specifically a triplex apartment building.; 1978 construction, two stories.
    Request Owner's contact information
    1355 12Th St Miami, FL 33135
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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
    1355 12Th St Miami, FL 33135
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