$614,000

2425 NW 28th St Miami, FL 33142

Melrose Heights Neighborhood

Estimated payment $3,949/month

Total Views 873
-- Bed
-- Bath
1,512 Sq Ft
$406 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Concrete Block With Brick
  • Vinyl Flooring
  • 4-minute walk to Melrose Park

About This Home

Investment Opportunity – High Cash Flow Triplex (Cash Only)
Exceptional income-producing property offering strong cash flow potential! Originally built as a single-family home and currently configured as a triplex, this fully leased property features three spacious 2-bedroom, 1-bath units, each generating consistent rental income.
This is an ideal opportunity for investors seeking immediate returns and long-term appreciation in a growing market. Property is tenant-occupied, providing instant income from day one.
Buyer to conduct their own due diligence regarding zoning, use, and any existing code matters related to the current configuration.
Whether you're expanding your portfolio or entering the multifamily space, this property offers significant upside potential and solid cash flow performance.

Listing Agent

Dax Londono

LPT Realty, LLC License #3454722 Listed on: 02/13/2026

LPT Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,700

Year Built

  • Built in 1947

Lot Details

  • Property is zoned 5700

Parking

  • 6 Parking Spaces

Home Design

  • Concrete Block With Brick
  • Slate Roof

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • No Home Owners Association
  • Melrose Heights 2Nd Sec Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-27-016-0840

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,700

Year Built

Built in 1947

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Triplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: MELROSE HEIGHTS 2ND SEC
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • CurrentPrice: 614000
  • InternetRemarks: High-cash-flow triplex! 3 spacious 2BR/1BA units, fully rented. Strong income potential—great opportunity for savvy investors! CASH ONLY
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Living Area: 1512
  • Stories: 1

Exterior Features

  • Roof: Slate
  • Construction Type: Concrete Block With Brick
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MELROSE HEIGHTS 2ND SEC
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-27-016-0840
  • Zoning: 5700

Rental Info

  • Rent Includes: Electricity, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7700

Multi Family

  • Number Of Units In Community: 3

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,700 $392,284 -- --
2024 $7,176 $356,622 -- --
2023 $7,176 $324,202 $0 $0
2022 $5,242 $233,563 $0 $0
2021 $4,891 $212,330 $135,036 $77,294
2020 $998 $63,517 $0 $0
2019 $989 $62,089 $0 $0
2018 $967 $60,932 $0 $0
2017 $967 $59,679 $0 $0
2016 $977 $58,452 $0 $0
2015 $986 $58,046 $0 $0
2014 $996 $57,586 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2026 02/13/26 For Sale $614,000 -- $406 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 C & C Title
Warranty Deed $260,000 C & C Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,000 Credit Line Revolving
Closed $215,000 Credit Line Revolving
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11965762

MIAMI REALTORS® MLS

APN: 01-3127-016-0840

Florida Miami/Dade County Miami 33142 Melrose Heights

2425 NW 28th St, Miami, FL

For Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Dax Londono
Listing Agent
Dax Londono
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LPT Realty, LLC
(645) 666-0768
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