UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,195 sqft
Price per Sqft $318
Subdivision 2Nd
MLS Listing ID A12100298
HOA Y/N No
Year Built 1945
Annual Tax Amount $10,594
Tax Year 2025
Property Sub-Type Duplex
Property Description
Exceptional opportunity to acquire an income producing property in Miami's rapidly developing Pinewood neighborhood. Appraised at $865,000 on May 20, 2025, this property is now offered significantly below its previous valuation, creating compelling upside for investors.
Currently generating $6,675 in total monthly rental income, the property offers strong cash flow with additional long term appreciation potential. Each unit features updated interiors, modern finishes, stainless steel appliances, and renovated bathrooms.
All property violations have been cleared by the seller. Situated on a desirable corner lot within a federally designated Opportunity Zone, offering additional potential benefits for qualified investors.
Conveniently located near major highways, shopping, employment centers, and Downtown Miami.
Property is legally recognized as a duplex and is currently configured, used, and rented as three separate units. Buyers are encouraged to perform their own due diligence regarding current and future use.
Strong rental income. Significant price reduction. Appraised value of $865,000. Opportunity Zone location.
Bring your HIGHEST AND BEST OFFER and take advantage of this investment opportunity.
Location
State FL
County Miami-dade
Community 2Nd
Area 31
Zoning 5700
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Window Features Impact Glass
Exterior
Exterior Feature Fruit Trees, Patio
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Porch Patio
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Others
Tax ID 30-31-02-007-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12100298
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