1126 NW 58th Ter, Miami FL 33127
Miami, FL 33127
$799,000
1 / 8
- Price
- $799,000
- Square feet
- 1,980
- Property type
- Quadruplex
- Year built
- 1936
- MLS number
- A12111480
This listing is courtesy of Beachfront Realty Inc, 305-534-4242.
About this property
The only fully remodeled, permitted, conforming fourplex in the area under $1M, and it sits in a federal Opportunity Zone. Turnkey, fully leased 4-unit in 33127 with an 8.4% in-place cap rate. Four 1/1 units, separately metered for electric. Remodeled under permit. New roof, impact windows, electrical, plumbing, tankless water heaters, kitchens with Samsung black-stainless appliances, and baths. 40-year recertification complete. Gross income $83,400/yr, with rents below the $2,040 Section 8 payment standard: up to $19,320/yr of upside on turnover. Blocks from Related Urban's Liberty Square redevelopment and minutes from the planned Little River district, future Tri-Rail station, Wynwood, and the Design District. 5,680 sf lot with parking for 4. Buy it and collect.
Details
- Property type
- Quadruplex
- Year built
- 1936
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC