Avanti Way Realty LLC
Listed by Avanti Way Realty LLC
$640,000
7TH AVENUE HIGHLANDS
Details
APN 01-31-13-024-2512
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,540
NOI $43,925
Year Built 1985
Zoning 5700
Parking Spaces 4 spaces
Parking Per SqFt 2.60
Multifamily
Marketing description
RARE OPPORTUNITY – AMAZING INVESTMENT IN A HIGH-GROWTH AREA! Well-maintained duplex located in the heart of Little River, one of Miami’s most rapidly transforming neighborhoods, just blocks from the highly anticipated Magic City Innovation District. Surrounded by new construction and major redevelopment, opportunities like this are becoming increasingly scarce. Minutes from Wynwood, major highways, and only 15 minutes to Miami International Airport. This limited-supply multifamily asset offers strong current income with immediate upside. The property features ample parking in front, two spacious units with central A/C, a newer roof, fully renovated kitchens with granite countertops, tankless water heaters, remodeled bathrooms, impact windows, and a charming backyard—making it highly attractive to quality tenants. Designed for maximum efficiency and minimal owner expenses, each unit has independent electric and water meters, and tenants pay ALL utilities. The property is occupied by excellent, stable tenants with signed leases and security deposits in place. Pre-agreed rent increases to $2,200 and $2,300 provide built-in value growth without renovations or lease turnover. Ideal for investors seeking a turn-key, low-maintenance, cash-flowing duplex in a market where multifamily inventory is extremely limited and demand continues to rise. Secure a foothold in one of Miami’s most promising corridors before pricing moves even higher.
Listing Contacts
Avanti Way Realty LLC
Listed by Avanti Way Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,925.00
$3,660.42/mo
Valuation Metrics
0
DSCR
6.86%
Cap Rate
6.86%
ROI
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