See all 8 photos
8 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$650,000
Est. payment /mo
1,976 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,976 sqft
Price per Sqft $328
MLS Listing ID A11969217
HOA Y/N No
Year Built 1929
Lot Size 5,720 Sqft
Property Sub-Type Multi Family
Property Description
Great opportunity to acquire a cash-flowing multifamily property in the emerging Little River neighborhood of Miami. This legal triplex is currently operating as a non-conforming fourplex, with three units rented and one vacant, offering immediate income with additional upside.
Property Breakdown:
Unit 1: 2 Bed / 1 Bath – Rented for $1,500/month
Unit 2: 1 Bed / 1 Bath – Rented for $1,200/month
Unit 3: 1 Bed / 1 Bath – Rented for $1,000/month
Unit 4: 1 Bed / 1 Bath – Currently vacant, needs light work
Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400.
Lot Size: ±5,0 SF
Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami's fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.
Property Breakdown:
Unit 1: 2 Bed / 1 Bath – Rented for $1,500/month
Unit 2: 1 Bed / 1 Bath – Rented for $1,200/month
Unit 3: 1 Bed / 1 Bath – Rented for $1,000/month
Unit 4: 1 Bed / 1 Bath – Currently vacant, needs light work
Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400.
Lot Size: ±5,0 SF
Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami's fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.
Location
State FL
County Miami-dade
Area 31
Exterior
Total Parking Spaces 6
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 01-31-13-036-0091
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11969217
Read Less Info
Listed by Global Investments Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION