UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,339 sqft
Price per Sqft $195
Subdivision The Tropics Amd
MLS Listing ID A12039482
HOA Y/N No
Year Built 1925
Annual Tax Amount $16,200
Tax Year 2025
Property Sub-Type Triplex
Property Description
Exceptional investment opportunity delivering immediate cash flow. This expansive 4,339 SF multifamily property sits on a 13,044 SF lot and features 5 nonconforming units under one folio. The layout includes includes a spacious 3 bedroom main residence, two 2 bedroom units, and two 1 bedroom units, making it ideal for an owner occupant or full rental investment.
Zoned for up to 9 units, offering strong future development and value add potential. The oversized lot provides ample space for additional construction and on site parking. All units are currently rented month to month, allowing flexibility to increase rents or reposition the property.
Projected rental income with two units fully rented, cash flowing $12,000 per month. This includes two renovated 1 bedroom units at $2,000 each, 2 bedroom units ranging from $2,000 to $2,500, a 3 bedroom unit at $3,000, and a trailer at $700.
Strong income potential from day one with room to grow.
Location
State FL
County Miami-dade
Community The Tropics Amd
Area 31
Interior
Heating Central, Wall Furnace
Cooling Central Air, Electric, Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Concrete
Total Parking Spaces 8
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Level or Stories One
Structure Type Block
Others
Tax ID 30-31-04-003-4340
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12039482
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