6716 NW 6th Ave, Miami, FL 33150 — MLS photo

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6716 NW 6th Ave, Miami, FL 33150

Active · Duplex

$525,000

6716 NW 6th Ave, Miami, FL 33150

Beds
—
Baths
0
Living area
1,499 sq ft
$ / sq ft
$350/sq ft
Year built
1925
Lot size
—
HOA fee
—
Annual tax
$6,982

About this property

INVESTMENT OPPORTUNITY with income already in place! This two-story property is legally classified as a single-family home and is currently configured as two separate living units, offering excellent potential for an investor looking to add value. The downstairs unit is currently tenant-occupied through December 31 at $1,850/month, with the tenant expressing interest in potentially renewing. The upstairs unit has been remodeled and features 2 bedrooms, 1 bathroom, and an included washer and dryer. It is currently vacant and being marketed for rent, with an estimated rental potential of approximately $2,100/month. Both units have new mini-split systems, and the property has a new roof awaiting final inspection. Additional features include a metal perimeter gate and convenient access just minutes from I-95. Property is being sold AS-IS. Seller is motivated. Excellent opportunity for a first-time investor, experienced investor, or buyer looking for a property with existing rental income and future renovation or redevelopment potential. Buyer is encouraged to independently verify zoning, permitted use, rental potential, property configuration, and any possibilities for future zoning changes or increased density.

Interior & exterior features

Cooling

  • Wall Window Units

Heating

  • Wall Furnace

Exterior features

  • Balcony

Pool

  • None

Flooring

  • Tile

roof

  • Flat
  • Shingle

construction

  • Block

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$351

Cap rate
6.5%
Net yield
6.5%
Cash-on-cash return
2.9%
Gross yield
9.5%
Mortgage payment
$2,489/mo
Down payment
$131,250
Loan amount
$393,750
Annual NOI
$34,077

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.