3057 Day Ave Miami, FL 33133
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 3057 Day Ave
- Year built
- 1971
- Property type
- Small apartment buildings
Description
This fully occupied fourplex, situated in Miami's desirable Central Grove neighborhood, presents a compelling investment opportunity. Located just two blocks from Coco Walk, this property boasts a substantial 9,280 square foot lot, offering significant redevelopment potential for a savvy investor. The existing building, constructed in 1971, is a single-story structure comprising four apartment units. Currently generating positive cash flow, the property is ideally suited for an investor seeking immediate returns while simultaneously capitalizing on the burgeoning Coconut Grove market. The address is 3057 Day Ave, Miami, FL 33133, within Miami-Dade County. The asking price for this exceptional property is $2,500,000. Given its prime location, substantial lot size, and existing rental income, this fourplex represents a rare chance to acquire a valuable asset in a rapidly appreciating area. The property's potential for future development adds further to its appeal, making it an attractive proposition for both seasoned investors and those seeking a strong entry point into the Miami real estate market. The existing structure provides immediate income while the land offers significant long-term upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2427601
- Latitude
- 25.732017
