1958 NE 172 St North Miami Beach, FL 33162
Fully renovated, cash-flowing 4-unit multifamily property near Aventura Mall.
Property Features for 1958 NE 172 St
General Information
- Property type
- Investment
- Standard status
- Active
Building Details
- Year built
- 1958
Source:
Elliman
Listing 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
Quadplexes
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.178
- Latitude
- 25.9282
Nearby Similar for Sale
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 172 St North Miami Beach, 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.
