Great opportunity to acquire a cash-flowing multifamily property in the emerging Little River neighborhood of Miami. This legal triplex is currently operating as a non-conforming fourplex, with three units rented and one vacant, offering immediate income with additional upside. Property Breakdown: Unit 1: 2 Bed / 1 Bath - Rented for $1,500/month Unit 2: 1 Bed / 1 Bath - Rented for $1,200/month Unit 3: 1 Bed / 1 Bath - Rented for $1,000/month Unit 4: 2 Bed / 1 Bath - Currently vacant, needs light work Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400. Lot Size: ±5,720 SF Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami’s fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.
| MLS # | A12019354 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 111 |
| Listing Provided By | Global Investments Realty | Michael McCourt |
| SQ Feet | 1,976 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | 4600 |
| Tax Annual Amount | 7083 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33150 |
| Area | 2310 |
| Community Name | GORDON DALE PK |
| Listing VS Median (in GORDON DALE PK) | |
Price: $595,000 low | high Med: $583,000 sqft: 1,976 low | high Med: 1,668 $ / sqft: $301 low | high Med: $350 On site: 111 low | high Med: 341 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33150 |
| Area | 2310 |
| Community Name | GORDON DALE PK |
| Listing VS Median (in GORDON DALE PK) | |
Price: $595,000 low | high Med: $583,000 sqft: 1,976 low | high Med: 1,668 $ / sqft: $301 low | high Med: $350 On site: 111 low | high Med: 341 | |