Grapeland Heights Duplex | 2 Units on 7,500 SF Lot

Highlights:

• Two income-producing units totaling 6 bedrooms and 3 baths
• Roof (2016) and HVAC (2015) reduce near-term capital needs
• Value-add upside through interior renovation and rent growth
• Eligible for 2-4 unit residential financing for owner-occupants
• Full 50 x 150 lot with on-site parking and side driveway
• Minutes from MIA, the Health District and Downtown via SR-836

Description:

PLEASE DO NOT DISTURB TENANTS. Property is tenant-occupied. All showings by appointment only. To schedule a showing or for more information, contact Carlos Areces at 305.803.2205.

ONE Sotheby's International Realty is pleased to offer 1004 NW 33rd Avenue, a two-unit income property with 3,190 SF of living area on a 7,500 SF (50 x 150) lot in Miami's Grapeland Heights submarket. Priced at $825,000 ($412,500 per unit / $259 PSF).

The asset offers two separately rentable units (6 bedrooms / 3 baths total) in a renter-heavy corridor between Miami International Airport, the Civic Center / Health District and Downtown. Major capital items are already addressed - architectural shingle roof replaced 02/2016 and central A/C and heat installed 2015 - leaving an investor room to add value through interior updates and rents marked to market.

PROPERTY DETAILS
- Type: Duplex, 2 units, 1 story
- Beds / Baths: 6 / 3
- Living Area: 3,190 SF (3,350 SF actual)
- Lot: 7,500 SF / 0.17 acres
- Year Built: 1984, 250 SF addition 1997
- Zoning: T3-O (City of Miami); Land Use 5700 Duplexes - General
- Folio: 01-3133-030-0531
- Electrical: 150/200A and 200A panels, copper wiring
- Plumbing: copper and PVC supply lines
- 2025 Property Taxes: $12,881 (incl. waste fee)

PATHS TO VALUE
1. Income Hold - lease both units for diversified income from two tenants.
2. Value-Add - modernize kitchens, baths and finishes, update electrical service and re-lease at market rents.
3. Owner-Occupant - live in one unit, rent the other; qualifies for 2-4 unit residential financing.
4. Rebuild - T3-O permits a new two-family residence of up to two stories by right.
5. Long-Term - a rezoning to T4 could support additional density; speculative, buyers should confirm feasibility with a zoning attorney.

LOCATION
Grapeland Heights, just north of Flagler Street and south of the Dolphin Expressway (SR-836), with direct access to SR-836, NW 37th Avenue and Le Jeune Road. Approx. 3 mi to Miami International Airport, 2 mi to loanDepot park, 3.5 mi to the Health District (Jackson / UHealth), 4 mi to Coral Gables (Miracle Mile) and 5 mi to Downtown / Brickell. Walkable to Grapeland Park and its water park.

Income and expense figures are preliminary and pending confirmation. All information should be independently verified.

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