455 63Rd St, Miami, FL 33138
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 455 63Rd St
- Year built
- 1924
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a charming two-unit apartment building located at 455 NE 63rd Street in Miami's vibrant MIMO neighborhood. Built in 1924, this two-story, Class D property boasts a desirable 8.00% capitalization rate, making it an attractive prospect for savvy investors. The property features a total of five bedrooms and three full bathrooms, spread across two units, providing ample rental income potential. Its strategic location between downtown Miami and the pristine beaches offers unparalleled convenience and access to a wealth of amenities. Residents can easily enjoy the nearby Biscayne Bay, perfect for leisurely strolls, breathtaking views, and various water activities. The property's proximity to the bay adds significant value and appeal to potential tenants. This legal duplex is ideally suited for short-term rentals or as a long-term investment, offering a strong return on investment. The asking price is $899,500. This is a rare chance to acquire a well-positioned multifamily property in a rapidly developing area of Miami, Florida, with a proven track record of rental income. Don't miss this chance to secure a piece of Miami's thriving real estate market. The property is situated in Miami-Dade County, Florida, zip code 33138.
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1867873
- Latitude
- 25.834287
