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    405 11Th Ave Miami, FL 33130

    For Sale
    $1,580,000

    Historic 2-unit building, redevelopment potential.

    Property size:
    4,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4,950 square foot, two-unit apartment building presents a unique investment opportunity in Miami's vibrant Little Havana neighborhood. Built in 1922, this two-story property, originally owned by the Milam family, is currently operating as a duplex. The seller is offering owner financing and a lease-back option, providing immediate cash flow while securing necessary permits for future development. The property is zoned T4-R, allowing for medium-density multifamily housing as a matter of right. Additionally, it's eligible for a childcare facility, elementary school, or preschool with an exception. This presents a compelling opportunity for builders, developers, and childcare providers seeking a prime location with significant redevelopment potential. There are no historical preservation constraints, offering complete freedom to realize your vision. Located at 405 SW 11th Ave, Miami, FL 33130, this property is priced at $1,580,000 and offers a rare blend of immediate income and long-term growth potential in a rapidly developing area. The property's location within Miami-Dade County provides easy access to major transportation routes and amenities. This is a truly exceptional opportunity to acquire a piece of Miami history and shape its future.

    Property Features for 405 11Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,950 SF

    Building Details

    Year Built
    1922
    Stories
    2
    Units
    2
    Property Profile Insight Report 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
    -80.2126371
    Latitude
    25.7695132

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    FAQs

    What type of property is this?
    Multifamily property - Historic 2-unit building, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 405 11Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,580,000.
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    405 11Th Ave Miami, FL 33130
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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
    405 11Th Ave Miami, FL 33130
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