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$800,000
South Miami, FL 33143
STORMPROOF SUB
Prime investment opportunity in the heart of South Miami, just 3 blocks from the University of Miami and minutes from Downtown South Miami and the redevelopment of Sunset Place. Situated on a 6,300 SF lot, this duplex offers immediate income and significant upside. The property consists of a rented 1-bedroom, 1-bath unit currently generating $2,000/month, along with a vacant 2-bedroom, 1-bath unit—ideal for an owner-user, value-add investor, or lease-up strategy at market rents. The property features a new roof and updated plumbing, reducing near-term capital expenditures. Additionally, the property is equipped with two separate water meters and two electrical meters, allowing for efficient management and future flexibility. With multifamily zoning in place allowing you to build more units. This is a prime opportunity for investors and developers looking to capitalize on a high-demand rental corridor. The lot accommodates approximately 9–10 parking spaces, adding significant value for future multifamily development .Positioned near the University of Miami, Coral Gables, and major transit routes, this location consistently drives strong rental demand. Whether you’re looking to stabilize and increase cash flow or redevelop into a higher-density asset, this is a rare opportunity in one of Miami’s most supply-constrained markets. Need 24 hour notice to show ,
Virtual TourListing courtesy of Douglas Elliman
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$800,000
Contact us to schedule a showing or ask a question.
Listed by Miguel J Solis, Douglas Elliman