Excellent investment opportunity just minutes from Barry University, Miami Shores, Wynwood, Aventura and I-95. This legal duplex offers side-by-side units with private entrances, separate electric meters, and an updated roof. With both units soon available, new ownership can reset rents to market immediately, achieving above-average returns in a high-demand rental corridor.
Investment Highlights
Asking Price: $749,000
Pro Forma Rent Roll: 2/1 unit: $3,000–$3,200 | 1/1 unit: $2,000–$2,200
Pro Forma Gross Income: $5,500–$5,700/month ($66K–$68.4K annual)
Operating Expenses: $16,212/year
Pro Forma NOI: $50K–$52K+
Pro Forma Cap Rate: ~6.7–7.0% at asking price
Current Status: 1/1 vacant; 2/1 will be delivered vacant
Property Features
Legal Duplex – Two side-by-side homes with private entrances
Unit Mix: 2 Bed / 1 Bath + 1 Bed / 1 Bath
Updated Roof: Replaced in 2024 (major capital item complete)
Utilities: Separate electric meters (shared water)
Outdoor Space: Fully fenced 5,450 SF lot with pergolas & mature trees
Building Size: 1,351 SF
No HOA
Location:
Steps from Barry University – strong student/staff rental demand
Close to Miami Shores, Wynwood, Design District & Downtown
Growing rental corridor with proven tenant demand
Ideal for 1031 buyers, value-add investors, or house hackers looking for long-term cash flow.