Homes for sale in Miami
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Duplex
Miami, FL 33133
33133
$1,099,000
- Sq ft
- 2,974
- Year built
- 1924
- Price per sq ft
- $370
Listing courtesy of George Gil, Florida Capital Realty
About this home
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.
• 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.
Details
Property
- Type
- Duplex
- Style
- Attached
- Building
- Duplex
- Year built
- 1924
- Stories
- 1
- Building name
- AVALON SUB
- Subdivision
- AVALON SUB
- County
- Miami-Dade County
- Flood zone
- X
Interior
- Flooring
- Ceramic Floor, Terrazzo
- Cooling
- Ceiling Fan(s), Central Air, Electric
- Heating
- Central, Electric
Exterior and parking
- Patio and porch
- Patio
- Construction
- Concrete Block Construction, Stone
- Roof
- Flat Roof With Facade Front, Shingle
Community and fees
- Annual taxes
- $14,609
- Terms
- All Cash, Conventional
The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 1, 2026.