113 Grand Canal Dr, Miami FL 33144 | Miami-Dade County | A12116759

113 Grand Canal Dr, Miami FL 33144

Active Residential Income

$899,000

10 More

2271 Sq Ft
Area Size

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Active Residential Income

113 Grand Canal Dr, Miami FL 33144 | Miami-Dade County | A12116759

113 Grand Canal Dr, Miami FL 33144

$899,000

Description

Rare canal front Flagami investment opportunity: 5BD/3BA duplex. Amazing location in desirable and rapidly appreciating 33141. Rear unit 3/2 overlooking canal, front unit 2/1, total of 5 bedrooms and 3 bathrooms. Roof 2 years new, ACs in both units also newer. Perfect for investors seeking value-add potential or future redevelopment. Solid structural layout in need of cosmetic updates, leased under value to decades-long tenants. Zoned 3100 Multi-Family, this duplex offers an incredible opportunity to build up, add a second story, and expand into four income-producing units (buyer to verify development capabilities with Miami-Dade County Zoning). Prime proximity to key employment hubs, Palmetto and Dolphin expressways, everywhere. Schedule your showing today! 24 hr notice a must, tenant occupied

Property Overview

This 1977 duplex at 113 Grand Canal Dr, Miami, FL 33144, is listed for sale at $899,000. The property features a total living area of 2,271 square feet and is zoned as Multi-Family, which may allow for future expansion or redevelopment, though buyers should verify development capabilities with Miami-Dade County Zoning. The structure includes a rear unit and a front unit, with the rear section overlooking a canal. The home was constructed in 1977 and has undergone recent maintenance, including a new roof installed two years ago and newer air conditioning systems in both units. The property is currently occupied by tenants and is leased at a value below market rates. While the structural layout is solid, the home is in need of cosmetic updates. Located in the Flagami 2nd Addition subdivision, the property offers proximity to Palmetto and Dolphin expressways and key employment hubs. Because the home is tenant-occupied, a 24-hour notice is required for showings. For specific details regarding the lease terms, current occupant status, or to arrange a viewing, please call 305-859-4733.

Frequently Asked Questions

What is the current condition and layout of the property?

The property is a duplex built in 1977 with a total living area of 2,271 square feet. It features a rear unit with 3 bedrooms and 2 bathrooms overlooking the canal, and a front unit with 2 bedrooms and 1 bathroom. The roof was replaced two years ago and both units have newer air conditioning systems. The structure is described as solid but in need of cosmetic updates.

Is the property occupied and what are the viewing requirements?

Yes, the property is leased to long-term tenants. Because it is tenant-occupied, a 24-hour notice is required for any showings. Prospective buyers should call 305-859-4733 to arrange a time that complies with this requirement.

What are the zoning and development possibilities for this location?

The property is zoned as 3100 Multi-Family. This zoning may allow for building up, adding a second story, or expanding the property to include four income-producing units. Buyers must verify specific development capabilities with Miami-Dade County Zoning before making an offer.

Where is the property located and how accessible is it?

The address is 113 Grand Canal Dr, Miami, FL 33144. It is located in the Flagami neighborhood and is described as having prime proximity to key employment hubs, as well as the Palmetto and Dolphin Expressways.

What is the purchase price and primary use case for this investment?

The listing price is $899,000. The property is positioned as an investment opportunity for value-add potential or future redevelopment. It is currently leased under market value, which may offer immediate cash flow while renovations or development planning occur.

How do I get additional details about the tenancy or financials?

Specific details regarding tenant leases, financial statements, or non-public broker remarks are not disclosed in this public description. To obtain this information, please call 305-859-4733.

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This listing is courtesy of Compass Florida, LLC.

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