265 150Th St Miami, FL 33161
This exceptional Miami duplex, located at 265 NE 150th St, 33161, presents a compelling investment opportunity. Built in 1954, this single-story building features two units, each currently configured as a two-bedroom, one-bathroom apartment. The property sits on a substantial lot, offering significant expansion potential. Detailed plans are available for converting each unit into a three-bedroom, two-bathroom layout, significantly increasing rental income. The expansive lot also allows for the addition of a swimming pool, enhancing the property's appeal and value. Mature mango trees provide additional landscaping charm. Ample space exists both in front and behind the building, offering flexibility for future development or outdoor amenities. This property is situated in Miami-Dade County, Florida, and is conveniently located in the 33161 zip code. Note that this property is approved for a $15,000 grant for first-time homebuyers. Further details regarding this grant program are available upon request. This is a rare opportunity to acquire a well-located duplex with substantial upside potential in a thriving Miami market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.