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.
65 days
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374
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34
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michael McCourt203-947-6368,
Global Investments Realty
Source: MIAMI,MLS#: A12019354Originating MLS: A-Miami Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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