1500 SW 6th St, Miami, FL 33135

Studio, 5,250 sqft
For Sale
$225,000
Price cut: -$25,000 (6/21)
Zestimate®: $259,384
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WELL LOCATED RENTAL INCOME DUPLEX - PRODUCING $2,400 PER MONTH AND CONTROLLED MAINTENANCE EXPENSES WHICH PROVIDE A CAP RATE ABOVE 8% AND WITH LIKELIHOOD TO INCREASE THAT NUMBER. THE FLEXIBILITY OF THE LOCATION GIVES AN EXTRADINARY OPPORTUNITY TO REBUILD FOR A BIGGER PROPERTY WITH A BETTER IRR.
Facts
  • Multi Family
  • Built in 1942
  • 474 days on Zillow
  • Cooling: Other
Features
  • Parking: 4 spaces
    Construction
    • Roof type: Other
    • # Stories: 1.0
    • Structure type: Other
    • Unit count: 4
    Other
    • Floor size: 5,250 sqft
    • Zillow Home ID: 2113011741
    Home Values
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    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $259,384
    -$74,090 Last 30 daysd
    $200K
    $332K
    Zestimate range
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    A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,740/mo
    -$50 Last 30 daysd
    $1.2K
    $2.6K
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    Neighborhood for 1500 Sw 6th Street

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    Zillow predicts Little Havana home values will increase 5.3% next year, compared to a 5.9% increase for Miami as a whole. Among Little Havana homes, this home is 89.9% more expensive than the midpoint (median) home, but is priced 70% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Little Havana, the number of foreclosures waiting to be sold is 58.1% greater than in Miami, and 316.9% greater than the national average. This higher local number may prevent Little Havana home values from rising as quickly as other regions in Miami.

    Learn more about forecast calculations or Little Havana home values.
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       Other Units in this Building (1)ZestimateBedsBathsSqft
      • # 2$164K421,561

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