MAJOR PRICE REDUCTION | HIGH INCOME INVESTMENT OPPORTUNITYExceptional opportunity to acquire an income producing property in Miami’s rapidly developing Pinewood neighborhood. Appraised at $865,000 on May 20, 2025, this property is now offered significantly below its previous valuation, creating compelling upside for investors.Currently generating $6,675 in total monthly rental income,… Read More the property offers strong cash flow with additional long term appreciation potential. Each unit features updated interiors, modern finishes, stainless steel appliances, and renovated bathrooms.All property violations have been cleared by the seller. Situated on a desirable corner lot within a federally designated Opportunity Zone, offering additional potential benefits for qualified investors.Conveniently located near major highways, shopping, employment centers, and Downtown Miami.Property is legally recognized as a duplex and is currently configured, used, and rented as three separate units. Buyers are encouraged to perform their own due diligence regarding current and future use.Strong rental income. Significant price reduction. Appraised value of $865,000. Opportunity Zone location.Bring your HIGHEST AND BEST OFFER and take advantage of this investment opportunity. Read Less
Courtesy of The Keyes Company 954-475-9813
Listing Snapshot
Days Online
17
Last Updated
Property Type
Duplex
Square Ft.
2,195
Year Built
1945
MLS Number
A12100298
Additional Details
Building
Built in 1945, Living area: 2195.0, 1 storey, Construction Materials: Block
Community
3 units in community
Cooling
Ceiling Fan(s), Central Air, Electric
Exterior Features
Patio/Porch Features: Patio
Floors
Tile
Heating
Separate Meters, Central, Electric
Income
Gross Income: $6,675
Lot
Fruit Tree(s)
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 3031020070010, Annual Amount: $10,594, Legal Description: 2ND RESUB N SILVER CREST PB 40-24 LOT 1 BLK 1 LOT SIZE 75.000 X 102 OR 18829-2281 1099 1, Year: 2025, Zoning: 5700
Utilities
Cable Not Available
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