Home in Miami For Sale
Property Details
| Asking Price | $1,099,000 |
|---|---|
| Price per SqFt | $370 |
| Property Taxes | $14,609 2025 |
| Interior Space | 2,974 SqFt |
| Beds/Baths | —/— |
| Year Built | 1924 |
| Pool | No |
| MLS # | A12072468 |
From the listing
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.
Listed by Florida Capital Realty
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $14,609 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · Home in Miami
Sales history is unavailable for this property
Listed by Florida Capital Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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Home in Miami, Miami · MLS A12072468 · $1,099,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.