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2633 SW 34th Ave - Prime Silver Bluff Duplex 2 Unit Apartment Building Offered at $797,000 Miami, FL 33133
Investment Highlights
- Minutes to Coral Gables & Coconut Grove
- Immediate lease-up at market rents
- Ideal for repositioning or redevelopment
Executive Summary
Delivered vacant | Renovate or build new
Unique two-story Old Spanish duplex with income and redevelopment potential. Downstairs 2BD/2BA plus large family room easily convertible to a 3rd bedroom. Ceramic tile throughout, and large patio. Parking for up to 6 cars. Upstairs 1BD/1BA apartment with full kitchen and bath, ceramic tile, and rooftop deck with Coral Gables views. Walk to Miracle Mile and Coral Way shopping, dining, banks, and entertainment. Coral Gables Hospital nearby. Ideal for owner-occupant, investor, or new construction development.
The property is vacant
• There is no current rent roll in place
• 2025 real estate taxes are $4,718
• Investor repositioning for rental income
• Owner-user strategy
• Redevelopment under T3-0 zoning
• Long-term land hold in appreciating corridor
• Tenants historically paid their own water and electric.
Unique two-story Old Spanish duplex with income and redevelopment potential. Downstairs 2BD/2BA plus large family room easily convertible to a 3rd bedroom. Ceramic tile throughout, and large patio. Parking for up to 6 cars. Upstairs 1BD/1BA apartment with full kitchen and bath, ceramic tile, and rooftop deck with Coral Gables views. Walk to Miracle Mile and Coral Way shopping, dining, banks, and entertainment. Coral Gables Hospital nearby. Ideal for owner-occupant, investor, or new construction development.
The property is vacant
• There is no current rent roll in place
• 2025 real estate taxes are $4,718
• Investor repositioning for rental income
• Owner-user strategy
• Redevelopment under T3-0 zoning
• Long-term land hold in appreciating corridor
• Tenants historically paid their own water and electric.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,000
|
$42.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,730
|
$2.10
|
| Effective Gross Income |
$52,270
|
$40.15
|
| Taxes |
$4,718
|
$3.62
|
| Operating Expenses |
$6,000
|
$4.61
|
| Total Expenses |
$10,718
|
$8.23
|
| Net Operating Income |
$41,552
|
$31.91
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $55,000 |
| Annual Per SF | $42.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,730 |
| Annual Per SF | $2.10 |
| Effective Gross Income | |
|---|---|
| Annual | $52,270 |
| Annual Per SF | $40.15 |
| Taxes | |
|---|---|
| Annual | $4,718 |
| Annual Per SF | $3.62 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $4.61 |
| Total Expenses | |
|---|---|
| Annual | $10,718 |
| Annual Per SF | $8.23 |
| Net Operating Income | |
|---|---|
| Annual | $41,552 |
| Annual Per SF | $31.91 |
Property Facts
Amenities
Unit Amenities
- Family Room
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 01-4116-015-3870 | Total Assessment | $198,556 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $4,718 ($3.62/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-4116-015-3870
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$198,556 (2025)
Annual Taxes
$4,718 ($3.62/SF)
Tax Year
2026
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Presented by
Toth Real Estate Group
2633 SW 34th Ave - Prime Silver Bluff Duplex
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