Description
MAJOR PRICE REDUCTION | HIGH INCOME INVESTMENT OPPORTUNITYExceptional 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.
Details
| MLS # | A12100298 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 25 |
| Listing Provided By | The Keyes Company | Kelvin Ching |
Features
| SQ Feet | 2,195 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | 5700 |
Exterior
| Lot Features | Fruit Trees |
|---|
Taxes
| Tax Annual Amount | 10594 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33150 |
| Area | 2310 |
| Community Name | 2ND |
| Listing VS Median (in 2ND) | |
Price: $699,999 low | high Med: $3,050 sqft: 2,195 low | high Med: 1,552 $ / sqft: $319 low | high Med: $2 On site: 25 low | high Med: 7 | |
Market Activity 33150
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33150 |
| Area | 2310 |
| Community Name | 2ND |
| Listing VS Median (in 2ND) | |
Price: $699,999 low | high Med: $3,050 sqft: 2,195 low | high Med: 1,552 $ / sqft: $319 low | high Med: $2 On site: 25 low | high Med: 7 | |
