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1958 NE 172Nd St Miami, FL 33162

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For Sale
$1,079,000

Fully renovated, cash-flowing 4-unit multifamily property near Aventura Mall.

Building Details

Year built
1958

Source: JDM Realty Group, Inc Agent David Egozi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Multifamily Property Near Aventura

This fully renovated 4-unit multifamily property is located in North Miami Beach, placing it minutes from Aventura Mall and Greynolds Park. The property is a turnkey investment offering stable cash flow. The unit mix includes three 1-bedroom units and one 2-bedroom unit. All units are leased long-term, with rents ranging from $1,650 to $2,350 per month. The property generates over $88,140 in gross scheduled income annually. There is additional upside potential through Section 8, with 1-bedroom rents potentially reaching up to approximately $1,950. Upgrades to the property include new kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows. The property presents an opportunity to acquire a stabilized, cash-flowing asset in a market with high rental demand and limited local inventory.
Location Intelligence

Current Use by Public Records

1958 North Miami ... Apartment Building

Suggested Use

Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.161223
Latitude
25.934055

FAQs

What type of property is this?
Quadplex - Fully renovated, cash-flowing 4-unit multifamily property near Aventura Mall.
Where is this quadplex located?
The property is located at 1958 NE 172Nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: - Turnkey, fully renovated 4-unit multifamily property in North Miami Beach.; - Generates over $88,140 in gross scheduled income annually from long-term leases.; - New upgrades include kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows.
More about this property
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