Are you on the lookout for a lucrative real estate investment opportunity in the vibrant city of Miami? Look no further! A single-family residential duplex has just hit the market, offering an excellent chance to capitalize on the Miami property boom. This duplex, situated on a spacious lot of 7,000 square feet, is an enticing prospect for investors seeking a cash-only transaction.
Built in 1947, this Miami duplex boasts a unique combination of a 2-bedroom, 1-bathroom unit and a separate 1-bedroom, 1-bathroom unit. With a total living space of 1,266 square feet, this property offers ample room for potential renters or even multigenerational living arrangements.
One of the standout features of this Miami duplex is its vacant status. This not only allows for a quick and hassle-free transaction but also presents an opportunity for investors to embark on immediate renovations or updates, catering to their specific investment goals. The freedom to make changes without the constraints of tenants can significantly enhance the property’s value and appeal.
The duplex’s lot size is another noteworthy aspect, offering ample outdoor space for various purposes. Whether it be transforming the backyard into a stunning oasis, creating a playground for families, or even exploring the possibility of adding additional units, this generous lot provides endless opportunities to unleash your creativity.
Investing in Miami’s real estate market has long been a wise choice, and this duplex for sale aligns perfectly with the city’s upward trajectory. Miami’s thriving tourism industry, desirable climate, and booming economy make it an ideal destination for investors seeking steady rental income or long-term appreciation.
The cash-only requirement for this duplex may seem daunting to some, but it actually presents an advantage for savvy investors. By eliminating the complexities and uncertainties associated with financing, a cash-only transaction can expedite the purchase process, allowing for a quicker return on investment. Additionally, this requirement may deter potential buyers, creating an opportunity for those with readily available funds to negotiate a more favorable deal.
Given the year of construction, this Miami duplex possesses a unique charm that sets it apart from newer builds. Investors with an eye for restoring and preserving historical elements will find this property especially appealing. Renovations that preserve the property’s original character while incorporating modern amenities can attract tenants and potential buyers who appreciate the blend of old and new.
With its prime location in Miami, this duplex is in close proximity to a plethora of amenities and attractions. From the city’s iconic beaches and vibrant nightlife to world-class dining and cultural experiences, Miami offers a lifestyle that is hard to resist. The allure of the city’s cosmopolitan atmosphere ensures a high demand for rental properties, making this duplex an enticing investment opportunity.
In conclusion, the Miami duplex for sale presents an excellent opportunity for real estate investors looking to capitalize on the city’s thriving market. With its vacant status, generous lot size, and unique layout, this property offers countless possibilities for customization and functionality. Add to that the cash-only requirement, and investors can benefit from a streamlined purchase process and potential negotiation advantages. Don’t miss out on this hidden treasure in Miami’s real estate market; seize the opportunity and make this duplex your next profitable investment venture.
836 NW 109th St, Miami, FL 33168