Description
INCOME-PRODUCING DUPLEX WITH TRIPLEX POTENTIAL IN PRIME MIAMI LOCATION (T4-R ZONING) Excellent opportunity to own a cash-flowing duplex in the heart of Miami's rapidly growing Allapattah area. The property features two 1 bedroom, 1 bathroom + den units, with the den easily convertible into a second bedroom, maximizing both usability and rental potential. Both units are currently occupied, generating $3,400/month in rental income. Current rents are $1,700 per unit, below market value, offering immediate upside through rental increases. The property has undergone extensive recent improvements, including full exterior stucco and paint, roof improvements in 2025, a leveled backyard with new landscaping and turf, and a new chain link fence. Interior updates include fresh paint, a new refrigerator, updated bathroom vanity and toilet, and a new split A/C unit. A standout feature is the detached CBS structure with electrical already in place, providing a near turnkey opportunity to convert into a fully separate third unit. Architectural plans are available, giving the next owner a clear path to expansion without starting from scratch. Zoned T4-R, allowing up to 4 units, with parking up to 6 vehicles. Centrally located just minutes from Wynwood, the Design District, Brickell, and MIA Airport. In-place income, below-market rents ready to be increased, and a near-complete third unit position this property for a significant increase in cash flow and overall return.
Details
| MLS # | A12002456 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1959 |
| Days On Site | 137 |
| Listing Provided By | LoKation | Chabelli Gugliatto |
Features
| SQ Feet | 2,003 |
|---|---|
| Story(s) | 1 |
| Zoning | 3900 |
Exterior
| Lot Features | Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 9426 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 31 |
| Community Name | WESTHAVEN |
| Listing VS Median (in WESTHAVEN) | |
Price: $689,000 low | high Med: $560,000 sqft: 2,003 low | high Med: 980 $ / sqft: $344 low | high Med: $623 On site: 137 low | high Med: 224 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 31 |
| Community Name | WESTHAVEN |
| Listing VS Median (in WESTHAVEN) | |
Price: $689,000 low | high Med: $560,000 sqft: 2,003 low | high Med: 980 $ / sqft: $344 low | high Med: $623 On site: 137 low | high Med: 224 | |
