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Miami, FL 33133
Offering:
For Sale
Location:
Miami, FL 33133
Subdivision:
AVALON SUB
Status:
Active
$1,099,000
Deemed reliable but not guaranteed.
Details
Year built:
1924
Levels:
One
Stories:
1
Parking:
6 spaces
Days on market:
41
Annual tax (2025):
$14,609
Type:
Duplex
MLS ID
A12072468
Virtual tour:
Listed by:
Florida Capital Realty (REBB01)
Listing office phone:
786-953-5870
Listing office email:
Listing agent:
George Gil (3310528)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
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.
Price history
$1,149,000 → $1,099,000
·
Reduced by
$50,000 (4.4%) · 2 price changes
Location
Miami, FL 33133 Address hidden at the seller's request.Similar Properties Nearby
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MLS information
Last updated Oct 1, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
