Property 7100 NW 1st Terrace, Miami, FL 33126 for sale with MLS# A12020618

Duplex being leased as an ALF located near 72nd Avenue and Flagler Street in the heart of Miami. This income-producing property is currently operating as a successful ALF and is leased for the next two years, providing immediate cash flow and excellent long-term investment potential. Situated on a 10,000+ SF corner lot with canal frontage, the property offers over 3,500 SF of living space featuring 8 bedrooms and 4 bathrooms. The facility includes a large commercial-style kitchen, spacious living room, and a dedicated recreation area for residents. The property is zoned duplex with a Retirement Home / Health Care land use designation, making it ideal for continued assisted living or healthcare operations. The home is fully equipped with ADA-compliant bathrooms and room layouts, along with fire safety systems and licenses currently up to code. One of the property's most desirable features is its privacy, with no neighbors on three sides, creating a peaceful setting for residents and operators alike. washer/dryers are leased Property Highlights: • Assisted Living Facility and zoning allows for nursing home use • 8 Bedrooms / 4 Bathrooms • Over 10,000 SF Lot • Over 3,500 SF Living Area • Duplex Zoning with Retirement Home / Health Care Land Use • ADA-Compliant Layouts and Bathrooms • Fire Safety Systems and Licenses Up to Code • Large Kitchen, Living & Recreation Areas • Canal Front Corner Lot • Strong Existing Lease Income for 2 Years not disturb residents or staff.

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Days on the market

7100 NW 1st Terrace, Miami, FL 33126

Price
Price:
$899,999.00
Original List Price:
$899,999.00
Business Info
Year Established:
10
Years Current Owner:
10
Hours and Days Of Operation:
Open 8+ Hours/day
Property Status and Type
Listing Type:
For Sale
Status:
Active Under Contract (An offer has been accepted, considering Backup Offers)
Contingency:
Active Under Contract
Business Type:
Professional Service, Medical
Listing Category:
Business Opportunity
Description of Last Important Update:
Status Change
Last Major Update on:
May 31, 2026 8:04 pm
Measures
Built-Up Area:
3,585 Sqft
Property Features
Waterfront:
No
Security:
Other, Fire Alarm
Air Conditioning
Air Conditioning System:
Central Individual
Heating
Heating System:
Central, Electric
Construction
Year Built:
1964
Roof:
Shingle
Construction Materials:
CBS
Flooring:
Ceramic Tile
Road Frontage Type:
City Street, County Road
Flood Zone Code:
AE,X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$13,243.00
Tax Year:
2025
Parking
Parking Total Spaces:
10
Parking Features:
Common, Free
Utilities
Sewer:
Septic Tank
Electric:
101-200 Amp Service
Water Source:
Public
Community
Senior Community:
No
Terms
Documents Available:
Contracts, Aerial Photo(s)
Listing Terms Considered by Seller:
Cash
Zoning and Legal
Tax Legal Description:
LANGER SUB PB 59-36 LOT 8 PR ADD 7100-7102 NW 1 TERR LOT SIZE IRREGULAR OR 16121-1542 1093 4 COC 24412-2867 03 2006 5
Real Estate Folio Number (Parcel Number):
3040020060080
Zoning:
5700
Listing History
Active on the market since:
May 17, 2026
Listing Agreement executed on:
May 17, 2026
Purchase Contract Date:
May 22, 2026
Listing Status Last Changed On:
May 31, 2026 8:04 pm
Photos updated on:
May 31, 2026 8:07 pm
Last Modified:
May 31, 2026 8:07 pm
Additional Information
Courtesy of:
Douglas Elliman
Attribution:
Not provided
Location
Street Name:
1st
Street Number:
7100
City:
Miami
State:
Florida
Zip Code:
33126
County:
Miami-Dade
Latitude:
N25° 46' 17.1''
Longitude:
W81° 41' 22.9''
Street Suffix:
Terrace
Street Direction Prefix:
NW
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $55,722
Median Home Value $299,800
Median Rent $1,651/mo
Median Age 46
Population 47,038

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
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Association of REALTORS®
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