408 11Th Ave Miami, FL 33128
This exceptional investment opportunity presents a legal duplex located in Miami, Florida, at 408 NW 11th Ave, 33128. Situated on a desirable corner lot spanning 5,000 square feet, this property offers two identical units, each boasting 2 bedrooms and 1 bathroom. Built in 2003, the single-story building comprises 1,408 square feet of living space and features central air conditioning in both units. The property benefits from a gated entrance, enhancing security and privacy. One unit is currently occupied by a tenant, providing immediate rental income, while the other unit is vacant and ready for immediate occupancy or lease. The asking price for this multifamily property is $650,000. This property's location near the Miami River offers convenient access to various amenities and attractions. The property's newer construction and desirable features make it an attractive investment for both seasoned and new investors seeking a strong return on investment in the thriving Miami real estate market. This is a turnkey opportunity to acquire a well-maintained, income-generating property in a prime location.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.