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ALLAPATTAH DUPLEX CONVERSION – EXISTING CBS HOME + APPROVED PLANS! Rare opportunity to transform an existing CBS single-family home into a modern, income-producing duplex in one of Miami’s established neighborhoods. This is a full renovation/build-out and duplex conversion: NOT a ground-up development or vacant-lot project. FULLY APPROVED City of Miami architectural plans included! The approved plans call for approximately 1,625 SF, 4 bedrooms, and 4 bathrooms, featuring open-concept layouts, modern kitchens, spacious living areas, private bedroom suites, and driveway parking. MAJORITY OF IMPACT FEES ALREADY PAID. With plans approved, the next owner can move forward with the full rehab and build-out without starting the design and approval process from scratch. Ideally located just blocks from Santa Clara Metrorail Station and Jackson Memorial Hospital, with convenient access to Downtown Miami, SR-112, I-95, Miami International Airport, Wynwood, the Design District, Miami Beach, and upcoming Miami Freedom Park & Soccer Village. Ideal for developers, investors, or owner-occupants seeking a duplex conversion with rental income potential. Live in one unit and rent the other, or complete the renovation and hold as an income-producing investment. EXISTING CBS STRUCTURE, FULL REHAB/BUILD-OUT, DUPLEX CONVERSION, APPROVED PLANS, MAJORITY OF IMPACT FEES PAID, NOT GROUND-UP, HANDYMAN SPECIAL Call/Text Listing Agent for plans/images. City of Miami Process No. BD25-027872-001
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are included.
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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