3,042 SqFt
3,042 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,042 sqft
Price per Sqft $353
Subdivision Holleman Manor Addn
MLS Listing ID A11944416
Style Fourplex
HOA Y/N No
Year Built 1925
Annual Tax Amount $11,991
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
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, 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.
Location
State FL
County Miami-dade
Community Holleman Manor Addn
Area 31
Zoning 5700
Interior
Heating Central
Cooling Central Air, Ceiling Fan(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 10
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 01-31-27-011-0190
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11944416
NEARBY SCHOOLS & PROPERTIES
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "