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    350-352 33Rd St Miami, FL 33127

    For Sale
    $1,399,999

    Two-unit apartment building, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Miami multifamily property, located at 350-352 NW 33rd St, Miami, FL 33127, presents a lucrative investment opportunity. Built in 1971, this single-story building comprises two distinct units, each with ample living space. Unit 1 boasts 4 bedrooms and 2 bathrooms, while Unit 2 offers 3 bedrooms and 2 bathrooms. Both units include two parking spaces and dedicated laundry rooms, enhancing tenant appeal. Currently generating a combined monthly rental income of $8000 (with a 5-year lease to an adult living facility), this property offers immediate cash flow. The property is zoned T4R, allowing for the construction of a three-story, five-unit multifamily building, significantly increasing potential return on investment. Its central Miami location provides easy access to major highways, renowned restaurants, vibrant entertainment, and cultural attractions, making it highly desirable for both residents and investors. This property represents a rare chance to acquire a well-maintained, income-producing asset with significant upside potential in a thriving urban environment. The property's strong rental history and flexible zoning make it an ideal investment for both seasoned and aspiring real estate investors seeking a high-return opportunity in the heart of Miami.

    Property Features for 350-352 33Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1971
    Stories
    1
    Units
    2

    HighLights

    • Exceptional Miami multifamily investment opportunity at 350‑352 NW 33rd St, Miami, FL 33127.
    • Single‑story building with two units: one 4/2, one 3/2, each with two parking spaces and laundry.
    • $8,000 monthly rental income from a 5‑year lease to an adult living facility.
    • T4R zoning allows for a three‑story, five‑unit building.
    • Prime Miami location near highways, restaurants, and entertainment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2021139
    Latitude
    25.8071815

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, prime location
    Where is this multifamily property located?
    The property is located at 350-352 33Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: Exceptional Miami multifamily investment opportunity at 350-352 NW 33rd St, Miami, FL 33127.; Single-story building with two units: one 4/2, one 3/2, each with two parking spaces and laundry.; $8,000 monthly rental income from a 5-year lease to an adult living facility.
    Request Owner's contact information
    350-352 33Rd St Miami, FL 33127
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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
    350-352 33Rd St Miami, FL 33127
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