2925 NW 63rd Street, Miami, FL 33147

$655,000
1,608
SqFt

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List Price
$655,000
Days on Market
21
MLS#
A12058895
Year Built
1948
Living Area
1,608
MLS Area Major
2310

Property Description

EXCELLENT INVESTMENT OPPORTUNITY FEATURING A DUPLEX WITH ZONING THAT ALLOWS FOR THE DEVELOPMENT OF UP TO EIGHT UNITS. LOCATED IN A RAPIDLY IMPROVING AREA EXPERIENCING SIGNIFICANT REDEVELOPMENT AND GENTRIFICATION, THIS PROPERTY OFFERS STRONG LONG-TERM UPSIDE FOR BOTH INVESTORS AND OWNER-OCCUPANTS. AS IT STANDS TODAY, THE PROPERTY ALREADY GENERATES ENOUGH RENTAL INCOME TO HELP SUPPORT THE OWNER, MAKING IT AN ATTRACTIVE OPTION FOR IMMEDIATE CASH FLOW WHILE PLANNING FUTURE EXPANSION. ONE OF THE HOMES HAS BEEN COMPLETELY RENOVATED AND IS MOVE-IN READY WITH UPDATED FINISHES THROUGHOUT. THE SECOND HOME IS ALSO IN VERY GOOD CONDITION AND ONLY NEEDS NEW FLOORING TO REACH ITS FULL POTENTIAL. THAT UNIT ALSO FEATURES AN OVERSIZED BACKYARD, CREATING ADDITIONAL VALUE AND PLENTY OF USABLE OUTDOOR SPACE. BOTH RESIDENCES OFFER AMPLE PARKING, A MAJOR ADVANTAGE FOR TENANTS AND FUTURE DEVELOPMENT. WHETHER YOU CHOOSE TO HOLD IT AS AN INCOME-PRODUCING DUPLEX, LIVE IN ONE UNIT AND RENT THE OTHER, OR TAKE ADVANTAGE OF THE ZONING TO BUILD ADDITIONAL UNITS, THIS PROPERTY OFFERS FLEXIBILITY, INCOME, AND EXCEPTIONAL UPSIDE IN A GROWING NEIGHBORHOOD.

Additional Information

Taxes
$9,000
Utilities
Cable Not Available
Heating
Electric
Air Conditioning
Central Air, Electric
Exterior Construction
Block
Roof
Shingle
Elementary School
South Hialeah
Middle School
Miami Springs
High School
Miami Springs

Listing courtesy of Live Lavish Real Estate.

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