1 / 1511515 NE 12th Ave, Miami FL 33161
Miami, FL
List Price
$880,000
Type
Duplex
Price / SqFt
$378/sqft
Price reduction
Distressed / value-add opportunity
From the listing
Luxury modern duplex with 6 bedrooms , 2 bath 3/1 each unit in a strategic location. One-of-a-kind basement that could be converted in an extra unit if wanted. Big 8,428 sf lot with 2,569 sq/ft of construction. The property has 2 houses with 3 bedrooms and 1 bathroom each. Renovated throughout with impact windows, Central A/C, and new electricity Open kitchen with bar, family room, and private yard (beautiful fruit trees). 3 blocks from Biscayne Park, Miami Shores, and very close to the Biscayne corridor and Whole Foods. Both units is rented unit 11515 is rented $2800 lease finish December 2026 Unit 11517 is rented $3100 lease Finish December 2026 if you rent shorth term you can have $8000 monthy
Property Information
- Square Feet
- 2,331
- Units
- 1
- Days on Market
- 130
- Status
- active
Location
- County
- Miami-Dade County
- Zip Code
- 33161
- Coordinates
- 25.8820, -80.1738
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
No open or expired permits on record
- F
GRAVEL, SBS, SINGLE PLY, ETC.
#W2024027463 · issued 2023-11-28
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Why this deal
- 0% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
52/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
0.0% off original list (full marks at 25%+).
130 days on market (full marks at 120+ — more time = more leverage).
Soft motivation language (value-add, motivated, tenant-occupied, cash-only).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Roof age ~66 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- thin equity — lender-unfriendly LTV (≈ 113% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- thin equity — lender-unfriendly LTV (≈ 113% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. M…
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
- Roof age ~66 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
What a GC / AHJ sees
Permits / condition
Permit records from Miami-Dade County building-permit records; records may lag — verify open permits with the AHJ. Coverage begins 1983. Records current through 2026-07-23.
4-point — last permit
- Roofnone on record
- Electricalnone on record
- Plumbingnone on record
- HVACnone on record
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-10-20. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
11515 NE 12th Ave, Miami FL 33161, Miami, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$543,498
Room vs list (above list)
$336,502
Est. equity
-$133,425
-15% of ARV, at list
ROC at list
-13%
Est. all-in at list
$1,013,425
list + rehab + txn + carry
70% rule MAO
$589,500
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.