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    2803 91St St Miami, FL 33147

    For Sale
    $810,000

    Prime Miami location, high rental potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This charming 1-story, 1959-built triplex located at 2803 NW 91st St, Miami, FL 33147, is offered at $810,000. The property, situated in Miami-Dade County, presents a compelling investment opportunity for both seasoned investors and owner-occupants. Two of the three units have undergone complete renovations, offering immediate income potential. The property boasts ample parking and outdoor spaces, enhancing its appeal. Current rental income is below market value due to long-term tenant relationships, all on month-to-month leases, presenting an opportunity to increase profitability. Recent improvements include a new water line from the meter to the property, addressing previous low water pressure issues, and a newly installed sprinkler system. This property offers a blend of classic charm and modern updates, making it an attractive option in a strong rental market. The property's location in Miami, Florida, ensures high demand and a promising return on investment. Don't miss this chance to acquire a well-maintained multifamily property with significant upside potential.

    Property Features for 2803 91St St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1959
    Stories
    1
    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 Clothing Store 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
    -80.2433057
    Latitude
    25.8568183

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami location, high rental potential.
    Where is this multifamily property located?
    The property is located at 2803 91St St Miami, FL.
    What is the asking price?
    The asking price for this property is $810,000.
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    2803 91St St Miami, FL 33147
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    Miami, FL 33147
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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
    2803 91St St Miami, FL 33147
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