Renovated duplex priced below appraised value for a smooth closing strong entry point with immediate upside.


Property

Website:https://www.nestseekers.com/5421138
Address:
Miami, FL 33165
Ownership: For Sale
Type: Duplex

Financials

Price:$800,000
Annual Taxes:$9,679

Description

Renovated duplex priced below appraised value for a smooth closing—strong entry point with immediate upside. Currently generating $4,800/month with a 3/2 at $3,200 and a 1/1 at $1,600. Market rents are higher. Both units will be delivered vacant, offering flexibility for investors or owner occupants. Potential assumable FHA loan (~$375K at 2.4%) creates a rare financing advantage and cash flow potential. The property features numerous functional and cosmetic upgrades, such as impact windows, modern bathrooms and kitchens (including appliances), trendy flooring and fixtures, mini-splits (in the 1/1), a newer electrical panel, and water heater. With a roof from ~2014, septic serviced in 2023, separate electric meters, and no lender-required flood insurance, this duplex offers peace of mind and lower carrying costs. Excellent condition and a central location in the well-established Westchester residential area—with convenient access to major roadways, shopping, dining, airport, FIU and everyday amenities—make this a high-demand rental asset and a comfortable place to call home. The flexible layout supports multiple strategies for buyers focused on long-term wealth building, stability, and control: live in one unit while offsetting housing expenses, build equity while generating income, or transition into a fully rented investment. This property presents a compelling opportunity for value-add, rent growth, and appreciation in one of the best communities in South Florida.

Amenities

  • Blinds
  • CableAvailable
  • Fence
  • ImpactGlass
  • LessThanQuarterAcre
  • Other
  • Patio
  • Porch

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Keller Williams Capital Realty