Property profile

7030 3Rd Ave Miami, FL 33150

OFF-MARKET
Apartment buildings
Property ID
US18-1531510
Built 1948
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Property summary

AI-generated overview

This exceptional investment opportunity presents a legal duplex located at 7030 NW 3rd Ave, Miami, FL 33150. Built in 1948, this single-story property offers two fully updated residential units on a single folio number. The front unit boasts three bedrooms and one bathroom, while the rear unit features one bedroom and one bathroom. Both units have undergone complete interior renovations, including updated electrical systems with all necessary permits. The property's prime location on a main street offers significant commercial development potential, situated near thriving areas such as the Magic City Innovation District, Mid-Town, Design District, and the Miami Modern Architecture (MiMo) district. Its strategic corner location further enhances its appeal. Neighboring properties include a commercial warehouse and a modern nine-story building, highlighting the area's dynamic growth. The property is zoned T5-O, allowing for higher-density mixed-use development, with the potential for a residential or commercial building up to five stories high. This presents an unparalleled opportunity for significant appreciation in the near future. Asking price is $534,900.

Property profile

Verified
Property type Apartment buildings
Year built 1948
UPID US18-1531510

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7030 3Rd Ave Miami, FL 33150
Miami metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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