2925 NW 63rd St, Miami, FL 33147

About 2925 NW 63rd St, Miami, FL 33147

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.

How This Listing Compares in Miami

Per square foot, it is asking 1% below the Miami median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 2925 NW 63rd St, Miami, FL 33147

Flooring

Terrazzo, Wood

Heating

Electric

Cooling

Central Air, Electric

Architectural Style

Detached

Pool Private

No

Year Built Details

Resale

The Building at 2925 NW 63rd St, Miami, FL 33147

Building Name

62ND STREET HEIGHTS

Building Area Total

1706

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Lot, Views & Construction at 2925 NW 63rd St, Miami, FL 33147

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Shingle

Sewer

Public Sewer

New Construction

No

Taxes & Public Record for 2925 NW 63rd St, Miami, FL 33147

Parcel Number

30-31-16-003-0140

Tax Annual Amount

$9,000

Tax Year

2,025

Tax Legal Description

62ND STREET HEIGHTS PB 47-80 LOT 11 BLK 2 LOT SIZE 75.000 X 103 OR 15974-0104 0793 1 COC 26319-1219 03 2008 5

Zoning

5700

County Or Parish

Miami-Dade County

Map & Neighborhood