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$1,399,000 / 6br - 2172ft2 - 1987-Built Grove Duplex - Off Market Opportunity Zone (Coconut Grove)
plaza st, Miami, FL 33133
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Asking $1,399,000 as-is. 3% buyer's premium to Steelbridge Realty at closing.
Start with the comps, because that is the argument.
3161 McDonald St, Feb 2026, $1,850,000, built 1955
3171 McDonald St, Oct 23 2025, $1,550,000, built 1955
3151 McDonald St, Oct 23 2025, $1,550,000, built 1959
Every one of those is older, smaller, and took a full gut to get there.
This one was built in 1987 and already has a new roof, impact windows, new
gutters, fresh paint and two working AC units. One of the two units is fully
renovated.
The property
Two units, 3/2 and 3/2, about 1,100 SF each
2,172 SF total, 5,000 SF lot
Zoned T3-O, inside an Opportunity Zone
The work left is the second unit. Budget $100,000 for both and you are all in
near $1,541,000 including the premium, against comps at $1.55M to $1.85M.
Prefer to hold? Grove 3/2 rentals run $4,300 to $4,500. Two units is $103,200 a
year, a 6.7% gross yield on all-in cost.
Sold as-is, serious buyers only, proof of funds before showings.
Call or text Noah at show contact info
Noah Otalvaro
Broker Associate
Steelbridge Realty