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    1017 124 Miami, FL 33184

    For Sale
    $650,000

    Spacious Miami duplex near FIU, great investment!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Miami duplex, built in 1980, presents a lucrative investment opportunity. Located at 1017 SW 124 Ct, Miami, FL 33184, this single-story property offers a combined total of four bedrooms and three bathrooms. The main unit boasts a beautifully remodeled, spacious two-bedroom, two-bathroom layout, complete with a convenient in-unit laundry room. This unit's generous size and modern updates make it highly desirable for tenants. Adding to its income potential, a second, self-contained two-bedroom, one-bathroom apartment generates additional rental income. The property's prime location offers easy access to Florida International University and Miami International Airport, with South Beach just a 20-minute drive away. This makes it attractive to both students and professionals. The asking price for this multifamily property is $650,000, representing a strong return on investment given its location, condition, and rental income potential. This is a rare opportunity to acquire a well-maintained, income-generating duplex in a thriving Miami neighborhood. The property is situated in Miami-Dade County and is conveniently located near major transportation routes and amenities. This turnkey investment is ready for immediate occupancy and income generation.

    Property Features for 1017 124

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1980
    Stories
    1

    HighLights

    • Exceptional Miami duplex, built in 1980, offering a strong ROI.
    • Four bedrooms, three bathrooms in a single‑story building.
    • Main unit features a remodeled two‑bedroom, two‑bathroom layout with in‑unit laundry.
    • Second unit is a self‑contained two‑bedroom, one‑bathroom apartment.
    • Prime location near FIU, Miami International Airport, and South Beach; asking price: $650,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3978988
    Latitude
    25.7581757

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    FAQs

    What type of property is this?
    Multifamily property - Spacious Miami duplex near FIU, great investment!
    Where is this multifamily property located?
    The property is located at 1017 124 Miami, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Exceptional Miami duplex, built in 1980, offering a strong ROI.; Four bedrooms, three bathrooms in a single-story building.; Main unit features a remodeled two-bedroom, two-bathroom layout with in-unit laundry.
    Request Owner's contact information
    1017 124 Miami, FL 33184
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    Miami, FL 33184
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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
    1017 124 Miami, FL 33184
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