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14501 NE 14Th Ave Miami, FL 33161

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For Sale
$1,596,000

Legal 4-unit multifamily property on a large corner lot.

Building Details

Year built
1989

Source: Stratton Real Estate Agent Sebastian Giraldo

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


Overview

Turnkey Multifamily Property in Miami

This turnkey, legal 4-unit multifamily property features 10 bedrooms and 8 bathrooms. Situated on a 27,351 square foot double corner lot within an Opportunity Zone, the property is eligible under the Live Local Act. The property consists of two detached duplexes built in 1990. Each duplex contains a 2-bedroom, 2-bathroom unit and a 3-bedroom, 2-bathroom unit. All units are fully fenced and renovated, featuring impact windows, quartz kitchens, and modern finishes. Tenants are responsible for all utilities, with 4 electric meters and 4 water meters in place. The units generate a gross monthly income of $11,525, totaling $138,300 annually, representing a 7.1% cap rate. The property is located 13 minutes from Sunny Isles Beach and 20 minutes from Aventura Mall, with proximity to future Brightline/SMART rail stations. Potential exit strategies include dividing the lot into two parcels for individual sale or commercial/multistory redevelopment, subject to buyer verification. This property offers excellent cash flow, 1031 exchange appeal, and long-term growth potential in a rapidly growing area of Miami.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

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

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

Location Insight

  • Map
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City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.171006
Latitude
25.909577

FAQs

What type of property is this?
Quadplex - Legal 4-unit multifamily property on a large corner lot.
Where is this quadplex located?
The property is located at 14501 NE 14Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,596,000.
What are key features of this property?
This property features: - Turnkey legal 4-unit multifamily property generating $138,300/year with a 7.1% cap rate.; - Located on a 27,351 SF double corner lot in an Opportunity Zone and eligible under the Live Local Act.; - **Fully renovated units with impact windows, quartz kitchens, and modern finishes.**
More about this property
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