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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,652 sqft
Price per Sqft $214
Subdivision Palm Ave Lawns
MLS Listing ID A11983450
Sold Date 06/02/26
Style Fourplex
HOA Y/N No
Year Built 1971
Annual Tax Amount $15,064
Tax Year 2025
Contingent Other
Property Sub-Type Quadruplex
Property Description
Income-producing non-conforming 4-plex with two additional efficiency units, offering strong rental demand in the highly sought-after Hialeah rental market. The property features four corner 2-bedroom / 1-bath units plus two efficiencies generating approximately $1,700/month ($850 each) in additional income.
Three of the four 2-bedroom units are currently leased below market, with long-term tenants of 10+ years and a history of consistent, on-time payments, providing stable cash flow and future upside potential.
Unit 1 was fully remodeled in 2025, including new A/C, new ductwork, new kitchen, and new appliances. The 2-bedroom units feature central A/C, and the efficiencies have new wall A/C units.
Located on Palm Avenue, the property offers easy access to Okeechobee Road, major highways, shopping, and the Metrorail station, making it attractive for long-term tenants and future renters alike.
Great opportunity for investors seeking immediate income with value-add potential in one of Miami-Dade's strongest rental markets.
Location
State FL
County Miami-dade
Community Palm Ave Lawns
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Terrazzo
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 04-31-06-005-0070
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash
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Bought with AV Capital Advisors, LLC.
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