6326 NW 4th Ave - Multi-Family FOR SALE


Miami, FL 33150- Little River
$650,000 USD
786-285-7739
6326 NW 4th Ave, Miami, FL for Sale
$650,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

6326 NW 4th Ave
Miami, FL 33150
Little River


HIGHLIGHTS

  • Cash-flowing multifamily property in the emerging Little River neighborhood of Miami.
  • Legal triplex is currently functioning as a non-conforming fourplex.
  • Three of the four units are currently rented, delivering a combined annual income of $44,400 and potential $62,400.

OVERVIEW

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: 1 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: ±5,0 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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

4

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourplex in Little River

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,811 SF

ZONING

T5-R

APN/PARCEL ID

01-3113-036-0091

ASK ABOUT THIS PROPERTY

Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

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Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.