Four-unit multifamily investment opportunity in Miami’s Allapattah neighborhood with established in-place income and long-term upside.The property consists of four 1-bedroom / 1-bath units generating $89,940 in annualized rental income, with an in-place NOI of $58,385 and a 5.4% cap rate at the current asking price. Features include separate electric meters,… Read More shared on-site laundry, on-site parking, a 2020 roof, 2021 stucco improvements, and completed 2025 recertification. The 8,632 SF lot provides a functional property layout with convenient access to Wynwood, Miami International Airport, Downtown Miami, Brickell, South Beach, and major transportation corridors.A strong opportunity for investors seeking current income with additional operational upside. Seller is seeking a traditional sale with full proceeds at closing. Seller financing will not be considered. Short-term rental income is subject to applicable local regulations. Read Less
Courtesy of All Hud Realty and Management, 239-703-0474
Listing Snapshot
Days Online
206
Last Updated
Property Type
Quadruplex
Square Ft.
3,042
Year Built
1925
MLS Number
A11944416
Additional Details
Building
Built in 1925, Living area: 3042.0, 2 stories, Construction Materials: Block
Community
4 units in community
Cooling
Ceiling Fan(s), Central Air
Floors
Ceramic Tile
Heating
Separate Meters, Central
Income
Gross Income: $175,650
Property
Resale
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 0131270110190, Annual Amount: $11,991, Legal Description: HOLLEMAN MANOR ADD PB 13-60 LOT 22 & S23FT LOT 3 BLK 8 LOT SIZE 52.000 X 166 OR 13871-1957 1088 4 COC 22555-1540 08 2004 4, Year: 2025, Zoning: 5700
Utilities
Cable Available, Water Source: Public, Circuit Breakers
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