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401 NW 81st St 2 Unit Apartment Building $485,000 ($242,500/Unit) Miami, FL 33150

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INVESTMENT HIGHLIGHTS

The property consists of a good blend of two units, 1-bedroom/1-bathroom units and 2 parking spaces.
Huge potential in the property with small improvements and a more aggressive leasing plan.

New roof (January 2023), and one of the units was fully renovated (January 2023).

EXECUTIVE SUMMARY

A great opportunity to acquire a duplex, perfectly located in one of Miami's growing areas. Well maintained property in Little River, just minutes from all that Miami has to offer. The property consists of a good blend of two units, 1-bedroom/1-bathroom units and 2 parking spaces. Built in 1948, this one-story building has a new roof (January 2023), and one of the units was fully renovated (January 2023). The property is rented, $1,125 monthly each unit on a month-to-month basis. Huge potential in the property with small improvements and a more aggressive leasing plan to improve income with rents higher than currently in place. Perfectly located next to I-95, close to Miami Shores, Biscayne Blvd, and the booming area of NE 2nd Avenue (The Citadel).

401 NW 81 St Duplex (1)

PROPERTY FACTS

Price	$485,000	Apartment Style	Single-Family Home
Price Per Unit	$242,500	Lot Size	0.12 AC
Sale Type	Investment	Building Size	1,264 SF
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1948/2023
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$485,000
Price Per Unit	$242,500
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Single-Family Home
Lot Size	0.12 AC
Building Size	1,264 SF
No. Stories	1
Year Built/Renovated	1948/2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

SITE AMENITIES

Fenced Lot

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	2	-	-

1 of 1

ZONING

Zoning Code	RU-2 (Two-Family Residential zoning district allows two-family duplex buildings or two separate buildings and associated customary uses.)
RU-2 (Two-Family Residential zoning district allows two-family duplex buildings or two separate buildings and associated customary uses.)