Description of this home

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.

Property Details for this home

Flooring

Ceramic Floor, Terrazzo

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric

Architectural Style

Attached

Pool Private

No

Year Built Details

Effective Year Built

Building Information for this home

Building Name

AVALON SUB

Building Area Total

3202

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for this home

Lot Features

Oversized Lot

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Stone

Roof

Flat Roof With Facade Front, Shingle

Sewer

Public Sewer

New Construction

No

Public Records for this home

Parcel Number

01-41-16-017-0210

Tax Annual Amount

$14,609

Tax Year

2025

Tax Legal Description

16 54 41 AVALON SUB PB 4-140 LOT 3 BLK 2 LOT SIZE 48.620 X 143 OR 16467-3832 0894 1 COC 26003-0774 09 2007 5

Zoning

5700

County Or Parish

Miami-Dade County

Payment Calculator

Location