Listing Summary
PLEASE DO NOT DISTURB TENANTS. Tenant-occupied; showings by appointment only. Contact Carlos Areces at 305.803.2205. Two-unit duplex (6 bed / 3 bath, 3,190 SF) on a 7,500 SF (50 x 150) lot in Miami's Grapeland Heights. $825,000 ($412,500/unit, $259/SF). Roof 2016, HVAC 2015. T3-O zoning. Value-add, owner-occupant or income hold opportunity minutes from MIA, the Health District and Downtown via SR-836.
Full Description
PLEASE DO NOT DISTURB TENANTS. Property is tenant-occupied. All showings by appointment only. To schedule a showing or for more information, contact Carlos Areces at 305.803.2205.
ONE Sotheby's International Realty is pleased to offer 1004 NW 33rd Avenue, a two-unit income property with 3,190 SF of living area on a 7,500 SF (50 x 150) lot in Miami's Grapeland Heights submarket. Priced at $825,000 ($412,500 per unit / $259 PSF).
The asset offers two separately rentable units (6 bedrooms / 3 baths total) in a renter-heavy corridor between Miami International Airport, the Civic Center / Health District and Downtown. Major capital items are already addressed - architectural shingle roof replaced 02/2016 and central A/C and heat installed 2015 - leaving an investor room to add value through interior updates and rents marked to market.
INVESTMENT HIGHLIGHTS
- Two income-producing units totaling 6 bedrooms and 3 baths
- Roof (2016) and HVAC (2015) reduce near-term capital needs
- Value-add upside through interior renovation and rent growth
- Eligible for 2-4 unit residential financing for owner-occupants
- Full 50 x 150 lot with on-site parking and side driveway
- Minutes from MIA, the Health District and Downtown via SR-836
PROPERTY DETAILS
- Type: Duplex, 2 units, 1 story
- Beds / Baths: 6 / 3
- Living Area: 3,190 SF (3,350 SF actual)
- Lot: 7,500 SF / 0.17 acres
- Year Built: 1984, 250 SF addition 1997
- Zoning: T3-O (City of Miami); Land Use 5700 Duplexes - General
- Folio: 01-3133-030-0531
- Electrical: 150/200A and 200A panels, copper wiring
- Plumbing: copper and PVC supply lines
- 2025 Property Taxes: $12,881 (incl. waste fee)
PATHS TO VALUE
- Income Hold - lease both units for diversified income from two tenants.
- Value-Add - modernize kitchens, baths and finishes, update electrical service and re-lease at market rents.
- Owner-Occupant - live in one unit, rent the other; qualifies for 2-4 unit residential financing.
- Rebuild - T3-O permits a new two-family residence of up to two stories by right.
- Long-Term - a rezoning to T4 could support additional density; speculative, buyers should confirm feasibility with a zoning attorney.
LOCATION
Grapeland Heights, just north of Flagler Street and south of the Dolphin Expressway (SR-836), with direct access to SR-836, NW 37th Avenue and Le Jeune Road. Approx. 3 mi to Miami International Airport, 2 mi to loanDepot park, 3.5 mi to the Health District (Jackson / UHealth), 4 mi to Coral Gables (Miracle Mile) and 5 mi to Downtown / Brickell. Walkable to Grapeland Park and its water park.
Income and expense figures are preliminary and pending confirmation. All information should be independently verified.
Quick Glance
- Listing ID:
CL-Florida-28779
- Status:
Active
- Year Build:
1984
- Building Size:
3,190 SqFt
- Lot Size:
7,500.00 SqFt
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Additional Contacts
Realtor Associate
Carlos Areces
(305) 803-2205