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Property profile & analytics
OFF-MARKET
Small apartment buildings

408 11Th Ave Miami, FL 33128

1,408 SF Built 2003
Property ID
US19-0161073
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 2003
Total area 1,408 SF
UPID US19-0161073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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