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    30 24Th Ave Miami, FL 33125

    For Sale
    $1,100,000

    Two-unit duplex, high rental income, updated.

    Property size:
    2,553 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This charming 1-story, 2,553 square foot duplex in Miami, FL, presents a compelling investment opportunity. Built in 1948, this property boasts two separate units, each equipped with its own washer and dryer. The front unit, a spacious 3-bedroom, 2-bathroom layout, currently commands a monthly rental income of $2,800. The rear unit features 2 bedrooms and 1 bathroom, offering potential for additional rental income or use as extended family living space. Recent upgrades include the installation of new impact windows and a complete plumbing overhaul, enhancing both the property's value and its appeal to tenants. Located at 30 NW 24th Ave, Miami, FL 33125, in Miami-Dade County, this property enjoys a prime location, offering convenient access to Downtown Miami, Coral Gables, Miami International Airport, and Coconut Grove. The separate electrical and water meters for each unit simplify utility management and enhance operational efficiency. This turnkey investment property is ready for a new owner to capitalize on its strong rental income and desirable location. Don't miss this chance to acquire a well-maintained, income-producing asset in a thriving Miami neighborhood.

    Property Features for 30 24Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,553 SF

    Building Details

    Year Built
    1948
    Stories
    1
    Units
    2

    HighLights

    • $1,100,000 asking price.
    • Miami, FL multifamily investment property.
    • Two‑unit duplex/triplex/quadruplex.
    • 2,553 square feet.
    • Built in 1948, one story.
    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 Clothing Store Building Supply 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
    -80.235319
    Latitude
    25.7731756

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, high rental income, updated.
    Where is this multifamily property located?
    The property is located at 30 24Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; Miami, FL multifamily investment property.; Two-unit duplex/triplex/quadruplex.
    Request Owner's contact information
    30 24Th Ave Miami, FL 33125
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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
    30 24Th Ave Miami, FL 33125
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