$1,099,000
Duplex in Miami
Duplex · 3,202 sq ft building · Built 1924 · Active
MLS# A12072468 · Listing courtesy of Florida Capital Realty
Facts
- Type
- Duplex
- Building area
- 3,202 sq ft
- Price per sq ft
- $343
- Year built
- 1924
- Stories
- 1
- Zoning
- 5700
- Taxes
- $14,609 (2025)
- Listed
- Aug 21, 2026
About this property
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.
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Listing data last updated 10/25/2026, 7:00:58 AM ET.