Miami, FL 33133
- $1,099,000
- 2,974
- SqFt
- List Price
- $1,099,000
- Price Change
- ▼ $50,000 1790895264
- Days on Market
- 46
- MLS#
- A12072468
- Sq. Ft
- 2,974
- Subtype
- Duplex
- County
- Miami-Dade
- Subdivision
- Avalon Sub
- Year Built
- 1924
Property Description
PRICE REDUCED — COCONUT GROVE AREA. 5.17% INITIAL CAP / 7.5%+ PRO-FORMA YIELD. High-yield value-add asset priced at just $361/sqft on a massive 3,043 SF footprint. Discounted for some cosmetic updates. Great growth potential for cash buyer/1031 Exchange.• Asset & Lot: 100% Occupied Active multi-unit rental stream on an oversized ~6,953 sqft lot with ample parking. Some updates unlock a 7.5%+ Pro-Forma Cap Rate based on market rent projections.• Zoning & History: Grandfathered legal duplex. Features a legally permitted, structurally superior 1984 rear expansion (fully documented SF). Property search shows 1 unit because it has not been updated there, but the multi-unit layout is legal and fully established.• Roof & Location: Premium roof replaced just 3 years ago, drastically lowering insurance. Blocks to Coral Gables, Coconut Grove, Douglas Park, and Metrorail for a fast commute to Brickell/Downtown.Notice: Long-term residents are not yet aware of the sale; strictly do not disturb the occupants. Full financials will be shared upon request. Interior access will be granted ONLY upon verified upfront POF submitted directly to the listing agent.
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Additional Information
- Construction
- Block, Stone Veneer
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Flooring
- Ceramic Tile, Terrazzo
- Heating
- Central, Electric, Separate Meters
- Roof
- Flat, Shingle
- Taxes
- $14,609
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $369
- Elementary School
- Frances S. Tucker
- High School
- Coral Gables
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Listing courtesy of Florida Capital Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: George Luis Gil | Email: georgegil023@gmail.com