$799,000

For sale

1126 NW 58th Ter, Miami FL 33127

1,980 sq ftBuilt 1936MLS# A12111480

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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.

Property details

Property type
Multi-family
Year built
1936
Living area
1,980 sq ft
Price per sq ft
$404
Property taxes
$9,299/yr
Parking
4 spaces
Building / community
Gabel Sub No 4
Status
For sale
MLS #
A12111480

Listing courtesy of Beachfront Realty Inc.

Location

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