Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    The Wave Lote 018 Calle 70, , FL FL

    Claim this Listing
    For Sale
    $550,000

    Fourplex, Quadruplex - FL

    Type:Quadruplex
    Added:
    Oct 14, 2025
    Days on Market:
    201
    Last Refresh:
    May 2 at 9:06 pm

    Property Features

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Property condition
    New Construction
    Zoning
    PLAYA DEL CARMEN
    Parking
    4
    Standard status
    Active
    APN
    11111

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5000

    Utilities

    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    2023
    Building materials
    Block
    Roof type
    Concrete, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Gina Parodi

    Listing agent Gina Parodi License #3484830

    Listing office Avanti Way Premiere 55 Weston Rd, Weston, FL

    Listing date Oct 14, 2025

    MLS# A11894687 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Fourplex with Pool Terrace

    This multifamily property features four fully furnished and equipped apartments. The units are currently rented and generating returns. The apartments offer natural light and access to a terrace with a pool. The property is located steps from the beach and restaurants. It is located in Playa del Carmen, FL.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Nearby Similar for Sale

    • $799,900
      4,814 SF

      Daycare Facility in Orange Park

      Operating daycare center with property for sale in Orange Park.
      FL
      View Details
    • $1,199,999
      1,250 SF

      Established Restaurant with Living Area

      Well-established Italian restaurant with living area for sale.
      000 RESTAURANT AVENUE, , FL
      View Details
    • $975,000

      Turnkey Eco Lodge Near Arenal

      Eco Lodge with six private rooms near Arenal Volcano.
      Distrito 14 San Lorenzo, , FL
      View Details
    • $3,800,000
      1,472 SF

      Turnkey Luxury Fragrance Business

      Luxury fragrance business with multiple retail locations and e-commerce platform.
      FL
      View Details
    • $5,250,000

      Beachfront Hotel with Celebrity History

      25-room hotel with private beach and celebrity history.
      Moxons Beach Club Hotel N Boscobel, St. Mary Parish, Jamaica, , FL
      View Details
    • $566,000

      Turn-Key Hotel Business Opportunity

      Established hotel business in Colombia's Coffee Region, a growing tourism destination.
      Quimbaya Colombia, , FL
      View Details
    • $19,000,000

      Holbox Island Sanctuary Opportunity

      Holbox Island hotel and sanctuary for spiritual connection and restoration.
      Calle Igualdad Sn, , FL
      View Details
    • $549,900

      Remodeled Multifamily Building in Quito

      Income-producing, fully remodeled fourplex with modern finishes in Quito, Ecuador.
      N35-95 Calle Manuela Sáenz, , FL
      View Details
    • $700,000
      1,300 SF

      Profitable Liquor Store Business

      Established liquor store business for sale with license and inventory.
      Established Profitable Liquor Store Business, , FL
      View Details
    • $450,000
      2,378 SF

      Convenient Triplex in Quiet Area

      Triplex with renovation potential in a convenient, quiet location.
      FL
      View Details
    • $300,000

      Coffee Farm in Salento, Quindio

      Charming coffee farm near Salento, Colombia's Coffee Cultural Landscape.
      Kilometro -0, , FL
      View Details
    • $2,500,000

      Hotel/Motel in Huigra, Ecuador

      37-room hotel with pool and gardens on 17 acres.
      Hotel Avenue, , FL
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four furnished apartments with pool terrace, steps from the beach.
    Where is this quadplex located?
    The property is located at FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Four fully furnished and equipped apartments included.; Property is already rented and generating returns.; **Prime location: Steps from the beach and restaurants.**
    (305) 776-4746
    We can help!
    Listing Contact
    Gina Parodi
    Real Estate License ID: 3484830
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    The Wave Lote 018 Calle 70, , FL

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!