3725 11Th Ave Miami, FL 33127

Property Details for 3725 11Th Ave

Year built

1948

Property type

Small apartment buildings

Description

This exceptional investment opportunity presents a well-maintained, two-story duplex located in Miami's desirable Allapattah neighborhood. The property, known as "Le Roi," boasts seven bedrooms and four bathrooms, currently configured as four separate units. Situated on a spacious 10,799 square foot corner lot, the building offers significant potential for expansion or renovation. Built in 1948, the structure features impact windows throughout and a newer roof (installed in 2015). A convenient laundry area is also included. The property includes two gated entrances for added security and ample parking space, accommodating at least eight vehicles. The large lot allows for the addition of a swimming pool. Three of the units are two-bedroom, one-bathroom apartments with central air conditioning, while the fourth unit is a one-bedroom, one-bathroom apartment with a split system air conditioner. The current owner occupies one unit. The property's prime location offers easy access to downtown Miami, Miami International Airport, Wynwood, and various museums. Convenient access to I-95 and SR-112 is just blocks away. With a potential rental income of $9,100 per month (based on $2,400 for each two-bedroom unit and $1,900 for the larger one-bedroom unit), this property represents a compelling investment opportunity. This is a must-see property.