Four-Unit Income
3524 Northwest 4th Terrace Miami, FL 33125
3524 Northwest 4th Terrace, Miami, FL, 33125
$1,399,000
For Sale
$1,399,000
Four-unit multifamily property with parking, in-unit laundry, and a yard area.
Property Size4,350 SF
Price / SF$321.61
Days on Market631
Property Features for 3524 Northwest 4th Terrace
General Information
- Standard status
- Active
- Size
- 4,350 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1988
Listing agency
Xcellence
(305) 305-9597
Listed by
Monica Benitez · License #3180234
(305) 305-9597
Source
Compass
Added: Oct 30, 2024 Updated: Jul 21 at 7:45AM Checked: Jul 21 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Xcellence
Investment Insights
Based on property information with market context.
This four-unit residential income property is offered for sale. The home features new impact windows and doors, with in-unit laundry for each unit. Additional on-site amenities include parking and a yard area, and the building is supported by two meters.
The property is described as being located in the heart of Miami and is available with long-term tenants on month-to-month terms. The current rents are reported to be below market. The listing notes the property is easy to show.
The configuration is a quadplex with four units, serviced by two meters, and designed with parking and in-unit laundry as key residential features.
The property is described as being located in the heart of Miami and is available with long-term tenants on month-to-month terms. The current rents are reported to be below market. The listing notes the property is easy to show.
The configuration is a quadplex with four units, serviced by two meters, and designed with parking and in-unit laundry as key residential features.
Key Highlights
- 4‑unit multifamily property built in 1988
- New impact windows and doors
- Each unit includes in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.1k | $30.60 |
| − Vacancy | −$8.5k | −$1.95 |
| EGI | $124.6k | $28.65 |
| − OpEx | −$37.4k | −$8.60 |
| NOI | $87.2k | $20.06 |
4,350 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,242 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,359 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$2.94M
$2.57M – $3.43M
NOI $205,539 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property with parking, in-unit laundry, and a yard area.
Where is this quadplex located?
The property is located at 3524 Northwest 4th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4‑unit multifamily property built in 1988; New impact windows and doors; Each unit includes in‑unit laundry
