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    8321 Miami Ct Miami, FL 33138

    Sponsored
    For Sale
    $1,199,000

    Miami Multifamily Investment Opportunity

    Property size:
    2,091 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This well-maintained fourplex in Miami, Florida, presents a prime investment opportunity. Located at 8321 NE Miami Ct, 33138, this single-story, 2,091 square foot building, constructed in 1958, offers three one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. The property boasts recent updates including a new roof and impact windows, enhancing both curb appeal and tenant retention. Interior renovations encompass flooring, kitchens, and bathrooms, reflecting a commitment to quality and modern amenities. Independent electric meters for each unit significantly reduce management costs, with the owner covering water expenses. All renovations were completed with proper permits, ensuring compliance and peace of mind. Its convenient location near Miami Shores, Midtown, and the Design District places it within a high-demand rental area, promising strong occupancy rates and consistent cash flow. This turnkey investment is ready for immediate income generation. The asking price is $1,199,000.

    Property Features for 8321 Miami Ct

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,091 SF

    Building Details

    Year Built
    1958
    Stories
    1

    HighLights

    • Prime investment opportunity: Fourplex in Miami, FL (33138) at 8321 NE Miami Ct.
    • Single‑story, 2,091 sq ft building, built in 1958, featuring three 1‑bed/1‑bath units and one 2‑bed/1‑bath unit.
    • Recent updates include a new roof and impact windows. Interior renovations completed (kitchens, baths, flooring).
    • Independent electric meters; owner pays water. All renovations permitted.
    • Excellent location near Miami Shores, Midtown, and Design District; high demand rental area.
    • Turnkey investment, asking price $1,199,000.
    Property Profile 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 Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1962517
    Latitude
    25.8519393

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    FAQs

    What type of property is this?
    Multifamily property - Miami Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 8321 Miami Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Prime investment opportunity: Fourplex in Miami, FL (33138) at 8321 NE Miami Ct.; Single-story, 2,091 sq ft building, built in 1958, featuring three 1-bed/1-bath units and one 2-bed/1-bath unit.; Recent updates include a new roof and impact windows. Interior renovations completed (kitchens, baths, flooring).
    Request Owner's contact information
    8321 Miami Ct Miami, FL 33138
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    Miami, FL 33138
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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
    8321 Miami Ct Miami, FL 33138
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