Turnkey Quadplex
1277 Northwest 58th Street Miami, FL 33142
1277 Northwest 58th Street, Miami, FL, 33142
$960,000
For Sale
$960,000
Well-maintained, fully leased four-unit property with all units rented; showings require appointment and 24–48 hours notice.
Property Size3,024 SF
Price / SF$317.46
Days on Market132
Property Features for 1277 Northwest 58th Street
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1958
Listing agency
Veissi & Associates, Inc.
(305) 665-9299
Listed by
Georgette Veissi · License #3338248
(305) 665-9299
Source
Compass
Added: Mar 13 Updated: Jul 21 at 1:35PM Checked: Jul 21 at 1:35PM
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 Veissi & Associates, Inc.
Investment Insights
Based on property information with market context.
This turnkey quadplex offers a well-maintained four-unit setup with all units currently rented. The property is presented as fully leased, providing immediate occupancy across all units. With a total size of 3,024 square feet, it’s designed for straightforward rental ownership.
Located at 1277 Northwest 58th Street in Miami, Florida, the building is described as being near public transit, schools, and shopping. Showings are by appointment only, and appointments require 24–48 hours’ notice to accommodate current tenants.
Located at 1277 Northwest 58th Street in Miami, Florida, the building is described as being near public transit, schools, and shopping. Showings are by appointment only, and appointments require 24–48 hours’ notice to accommodate current tenants.
Key Highlights
- 1958‑built four‑unit quadplex with all units rented
- Fully leased property generating consistent rental income
- Well‑maintained quadplex in a high‑demand rental area
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 | $92.5k | $30.60 |
| − Vacancy | −$5.9k | −$1.95 |
| EGI | $86.6k | $28.65 |
| − OpEx | −$26.0k | −$8.60 |
| NOI | $60.6k | $20.06 |
3,024 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$866.4K
$758.1K – $1.01M
NOI $60,648 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$798.1K
$698.3K – $931.1K
NOI $55,864 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,885 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained, fully leased four-unit property with all units rented; showings require appointment and 24–48 hours notice.
Where is this quadplex located?
The property is located at 1277 Northwest 58th Street Miami, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 1958‑built four‑unit quadplex with all units rented; Fully leased property generating consistent rental income; Well‑maintained quadplex in a high‑demand rental area
