MAJOR PRICE IMPROVEMENT — NOW OFFERED AT $800,000, DOWN $100,000 FROM THE PREVIOUS $900,000 ASKING PRICE.Reintroduced to the market, 7815 NW 4th Avenue is a fully occupied, newly built two-story duplex featuring two spacious five-bedroom, three-bathroom units—10 bedrooms and six bathrooms total. Unit A is rented for $3,500 per month,… Read More while Unit B is rented for $3,065 per month, generating combined gross income of $6,565 monthly or $78,780 annually.Each unit has its own individual water and electric meters, allowing tenants to pay for their utility consumption and helping reduce the landlord’s operating expenses. Current rents support DSCR financing with approximately 25% down, subject to lender underwriting, appraisal-supported market rents, and final loan terms.Completed in 2024, the property offers approximately 2,880 square feet of living area on a 7,051-square-foot lot. Modern finishes include stainless-steel appliances, wood cabinetry, granite countertops, contemporary flooring, and generous outdoor space.Located east of I-95 with convenient access to Little River, Miami Shores, Biscayne Boulevard, Wynwood, and Downtown Miami. At $400,000 per unit and an 11% reduction from the previous asking price, this is a compelling opportunity to acquire a newer, stabilized multifamily asset with immediate income and minimal near-term maintenance. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
44
Last Updated
Property Type
Duplex
Square Ft.
2,880
Year Built
2024
MLS Number
A12084781
Additional Details
Building
Built in 2024, Living area: 2880.0, 2 stories, Construction Materials: Metal Frame
Community
2 units in community
Cooling
Central Air
Floors
Vinyl
Heating
Separate Meters, Central
Income
Gross Income: $6,565
Property
New Construction
Sewer
Public Sewer
Taxes
Parcel Number: 0131120150030, Annual Amount: $11,375, Legal Description: LITTLE RIVER GARDENS PB 7-119 LOT 4 BLK 33 LESS W7FT FOR R/W LOT SIZE 7052 SQ FT M/L OR 25081-0611 10 2006 4, Year: 2025, Zoning: 5700
Utilities
Cable Available
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