13341 3Rd Ct Miami, FL 33161
- Small apartment buildings
- 2,862 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 13341 3Rd Ct
- Year built
- 1956
- Property size
- 2,862 SF
- Property type
- Small apartment buildings
Description
This 2,862 sq ft, single-story apartment building in North Miami, FL (33161), presents a compelling investment opportunity. Built in 1956, the property is currently configured as a triplex, generating a substantial monthly income of $5,400 from three spacious units. The units, originally designed as 3/2s, are currently utilized as a 3/1, a 2/1, and a 1/1, offering potential for rent increases. Monthly rents are $2,000, $2,200, and $1,200 respectively. Significant recent upgrades enhance the property's value and reduce maintenance concerns. These include new impact windows, a 4-year-old roof, and recently replaced AC units (one 5 years old, the other less than 2 months old). The property also features a large backyard with mature mango and coconut trees, adding to its charm and appeal. While the pool requires restoration, the overall condition and income potential make this a strong investment in a rapidly growing area. The property is located at 13341 NE 3rd Ct, North Miami, Miami-Dade County, Florida. The asking price is $825,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1915821
- Latitude
- 25.8981351
