655 135 St North Miami, FL 33161
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 655 135 St
- Year built
- 1951
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a 1-story, 1951-built duplex located at 655 NE 135th St, North Miami, FL 33161, in Miami-Dade County. Priced at $850,000, this property boasts a strong rental income stream. The duplex features five units currently rented on a month-to-month basis, generating a total gross monthly income of $8,700. The unit breakdown includes: one 2-bedroom, 1-bathroom unit renting for $2,600; another 2-bedroom, 1-bathroom unit at $2,500; one studio at $1,100; another studio at $1,000; and a 1-bedroom, 1-bathroom unit at $1,500. The property benefits from a recently replaced roof (July 22, 2024), minimizing immediate maintenance concerns. This property is being sold "as is," and prospective buyers are encouraged to conduct a thorough inspection. Due to the multiple tenants, scheduling a comprehensive viewing of the entire property may present logistical challenges. This is an ideal investment for business-minded individuals seeking a high-return property in a desirable North Miami location. The property is conveniently situated in the heart of North Miami, offering easy access to local amenities and transportation.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1856321
- Latitude
- 25.8997657
