5727 22Nd St Miami, FL 33155

This exceptional 1-story, 2,240 sq ft duplex in Miami, FL (33155), built in 1954, presents a compelling investment opportunity. Located on a double lot just outside Coral Gables, the property boasts two well-maintained units, each featuring two bedrooms and two bathrooms with an open layout. Currently occupied by long-term tenants paying below-market rent, this presents immediate income potential with significant upside. The property offers multiple redevelopment possibilities. The site could be redeveloped into two single-family homes or two duplexes, increasing the unit count to four. Alternatively, the existing duplex can continue operating as is. Adding to the property's appeal, the eastern portion of the lot is currently used as parking by neighboring businesses, generating additional income for the current owner. A new owner can negotiate to continue this arrangement, further enhancing the return on investment. The property's excellent condition and prime location near Coral Gables make it an attractive proposition for both seasoned investors and those seeking a strong entry point into the Miami real estate market. The asking price is $1,199,000.