This 1969 Four-plex Is Situated On A Prime Corner Lot, Offering A High-yield, Turnkey Acquisition For Investors Targeting One Of Miami’s Most Resilient Rental Sub-markets. The Building Consists Of Four Spacious 2-bedroom, 1-bathroom Units, Featuring A Private And Functional Layout Of Two Units Per Floor. The Asset Has Been Significantly De-risked With Major Capital Improvements, Including A New Roof (2025), A Completed 40-year Recertification, And On-site Laundry Facilities. Each Unit Is Equipped With Individual Mini-split Ac Systems, Allowing For Decentralized Maintenance And Efficient Utility Management.
the Property Presents A Compelling Value-add Opportunity, As Current Rents Sit Significantly Below The Local Market Average. With A Current Monthly Gross Of $5,500 And A Conservative Pro Forma Potential Of $8,400/mo, An Investor Can Realize An Immediate Increase In Noi Through Lease Renewals And Minor Cosmetic Updates. The Building's Cbs Construction And Placement On A 5,300 Sf Lot—zoned R-3-5 (high-density)—provides Both Immediate Cash Flow And Long-term Land Value Appreciation.
strategically Located Just Minutes From Miami International Airport, The Okeechobee Metro-rail Station, And Palm Avenue Corridor, This Property Caters To A Stable Workforce And A Growing Population Of Young Professionals. This Is An Ideal Asset For A Portfolio Growth Play In A Neighborhood Where Vacancy Remains At Historic Lows.