Property summary
This fully stabilized duplex in Miami's Allapattah neighborhood presents an excellent investment opportunity. Built in 1956, this single-story property features two 2-bedroom, 1-bathroom units, each with its own electric meter. Currently generating a total monthly rent of $3,815, the property boasts reliable Section 8 tenants with a 10+ year tenancy history, rent paid via Miami-Dade HAP. However, the units can be vacated if desired. The property includes a spacious fenced lot with ample parking and mature fruit trees. The front unit features a laundry closet, central AC, and an updated kitchen. The rear unit has a new roof. This property is tenant-occupied and showings are by appointment only, weekdays between 1 PM and 3 PM are most convenient. The asking price is $575,000.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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