INCOME-PRODUCING DUPLEX WITH TRIPLEX POTENTIAL IN PRIME MIAMI LOCATION (T4-R ZONING)Excellent opportunity to own a cash-flowing duplex in the heart of Miami’s rapidly growing Allapattah area. The property features two 1 bedroom, 1 bathroom + den units, with the den easily convertible into a second bedroom, maximizing both usability and… Read More rental potential.Both units are currently occupied, generating $3,400/month in rental income. Current rents are $1,700 per unit, below market value, offering immediate upside through rental increases.The property has undergone extensive recent improvements, including full exterior stucco and paint, roof improvements in 2025, a leveled backyard with new landscaping and turf, and a new chain link fence. Interior updates include fresh paint, a new refrigerator, updated bathroom vanity and toilet, and a new split A/C unit.A standout feature is the detached CBS structure with electrical already in place, providing a near turnkey opportunity to convert into a fully separate third unit. Architectural plans are available, giving the next owner a clear path to expansion without starting from scratch.Zoned T4-R, allowing up to 4 units, with parking up to 6 vehicles. Centrally located just minutes from Wynwood, the Design District, Brickell, and MIA Airport.In-place income, below-market rents ready to be increased, and a near-complete third unit position this property for a significant increase in cash flow and overall return. Read Less
Courtesy of LoKation 954-545-5583
Listing Snapshot
Days Online
57
Last Updated
Property Type
Duplex
Square Ft.
2,003
Year Built
1959
MLS Number
A12002456
Additional Details
Building
Built in 1959, Living area: 2003, Construction materials: "CBS", Toal building area: 2441, 2 total units
Cooling
"Electric", "Wall/Window Unit(s)"
Floors
"Tile"
Heating
"Separate Meters", "Window/Wall"
Property
Zoning: 3900
Roof
"Shingle"
Sewer
"Public Sewer"
Taxes
Annual amount: $9,426
Utilities
"Cable Available"
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