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David Albanese

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Est. payment | -/mo

2,800 SqFt

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Est. payment | -/mo

Save

2,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Subdivision Santa Clara Sub

MLS Listing ID A12074073

HOA Y/N No

Year Built 1936

Annual Tax Amount $12,182

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

This 5 unit in the WOW district presents investors with a rare opportunity to acquire a renovated, income-producing 5-unit multifamily property in the heart of Allapattah, just minutes from Wynwood and the Rubell Museum.Built in 1936, the property consists of approximately 2,800 square feet of living area on a 5,005-square-foot lot, with an attractive unit mix of three 2-bedroom/1-bath apartments and two 1-bedroom/1-bath apartments.The property currently generates $10,100 per month in gross rental income, or $121,200 annually, with two units occupied by Section 8 tenants. The property has been renovated and well maintained, allowing a new owner to benefit from immediate in-place cash flow without having to undertake a significant renovation program upon acquisition.The apartment interiors are in excellent condition, while recent exterior improvements—including a fresh coat of paint and a renovated driveway—provide strong curb appeal and a well-maintained appearance. These improvements help position the asset as a turnkey investment with limited anticipated near-term capital expenditures, making it particularly attractive to investors seeking to acquire an operating property and begin collecting rent from day one.Adding to the property's operating efficiency, each unit is separately metered for electricity, allowing tenants to be responsible for their own electric consumption and helping reduce the owner's controllable operating expenses.

Location

State FL

County Miami-dade

Area 2310

Interior

Heating Central, Separate Meters

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Exterior

Utilities Available Cable Not Available

Roof Type Built-Up

Total Parking Spaces 6

Private Pool No

Building

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Schools

Elementary Schools Santa Clara

Middle Schools Georgia Jones-Ayers

High Schools Miami Jackson

Others

Pets Allowed No

Tax ID 0131260360460

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Miguel A Fuentes Fausto Commercial Realty Consultants Inc

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