655 NE 135Th St North Miami, FL 33161
For Sale
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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.
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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.