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    3025 8Th Ave Miami, FL 33127

    For Sale
    $1,175,000

    Renovated 3-unit building, high cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This beautifully renovated three-unit apartment building, a Class A property, presents a compelling investment opportunity in Miami's thriving Allapattah neighborhood. Built in 1924 and boasting a two-story design, this triplex offers three spacious units, each featuring modern finishes and appliances. The open-concept layouts maximize natural light, creating bright and welcoming living spaces. Located just minutes from the vibrant Wynwood and downtown Miami areas, the property benefits from proximity to trendy restaurants, shops, and entertainment venues. The asking price is $1,175,000, with an attractive 5.50% cap rate. This property is ideal for investors seeking strong returns or owner-occupants desiring a prime location in a rapidly appreciating market. The address is 3025 NW 8th Ave, Miami, FL 33127, in Miami-Dade County. Don't miss this chance to own a piece of Miami's dynamic real estate scene.

    Property Features for 3025 8Th Ave

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Year Built
    1924
    Stories
    2
    Units
    3

    HighLights

    • $1,175,000 asking price.
    • Class A, three‑unit multifamily (triplex) apartment building.
    • 5.50% cap rate.
    • Located in Allapattah, Miami, FL, near Wynwood and Downtown Miami.
    • Built in 1924, two stories.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -80.209752
    Latitude
    25.805342

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    FAQs

    What type of property is this?
    Multifamily property - Renovated 3-unit building, high cap rate.
    Where is this multifamily property located?
    The property is located at 3025 8Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: $1,175,000 asking price.; Class A, three-unit multifamily (triplex) apartment building.; 5.50% cap rate.
    Request Owner's contact information
    3025 8Th Ave Miami, FL 33127
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    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
    3025 8Th Ave Miami, FL 33127
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