7936 18Th Ave Miami, FL 33147
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 7936 18Th Ave
- Year built
- 1930
- Property type
- Small apartment buildings
Description
This charming 1930s, single-story duplex in Miami's West Little River neighborhood presents a compelling investment opportunity. Located at 7936 NW 18th Ave, Miami, FL 33147, this property boasts two separate 2-bedroom, 1-bathroom units situated on a generous 7,000 square foot lot. Each unit offers significant potential for rental income, with comparable properties in the area commanding $2,500 per month in rent. The property is currently listed at $500,000 and features an assumable 4% FHA mortgage of $210,000. Both units have recently been updated with new aluminum roofs, and one unit includes new hurricane impact windows. While requiring a complete rehabilitation, this property offers significant upside for investors seeking a hands-on project. Its convenient location, minutes from the highway, adds to its appeal. The large lot size allows for potential expansion or customization, further enhancing its long-term value. This is an exceptional opportunity to acquire a multifamily property in a desirable Miami location at a strategically priced point for a quick sale.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2278289
- Latitude
- 25.8471856
