62 73Rd Pl Miami, FL 33126
- Small apartment buildings
- 3,105 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 62 73Rd Pl
- Year built
- 1945
- Property size
- 3,105 SF
- Property type
- Small apartment buildings
Description
This exceptional Miami investment opportunity presents a legal triplex spanning over 3,105 square feet. Built in 1945, this single-story property boasts three separate units: a spacious three-bedroom, two-bathroom unit, and two one-bedroom, one-bathroom units. Each of the one-bedroom units features its own private backyard, enhancing their appeal and rental value. All units are currently leased on a month-to-month basis to long-term tenants, currently paying below market rates, presenting immediate potential for increased income. Recent upgrades include a new septic tank and new driveways, minimizing immediate maintenance concerns. The property's prime location in Miami, Florida, within the Winona Park 1st Addition neighborhood, offers convenient access to major highways, shopping centers, and a variety of restaurants. The property includes three individual electric meters and three water meters. Showings are strictly by appointment only to ensure tenant privacy. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable Miami location. The asking price is $1,050,000.
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
- -80.3156878
- Latitude
- 25.7710857
