Fourplex Residential Income
9302 NW 4th Ave Miami, FL 33150
For Sale
Contact for pricing
Fourplex offers four rental units with individual water and electrical meters.
Property Size6,938 SF
Price / SF$259.44
Days on Market1057
Property Features for 9302 NW 4th Ave
General Information
- Standard status
- Active
- Size
- 6,938 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2006
Listing Agency:
Mega Int'l Realty
(786) 426-6377
Listed By:
Yves Gachette · License #3031780
Source:
Crexi
Added: Sep 2, 2023
Changed: Jul 22
Last Checked: Jul 23 at 12:37PM
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 Mega Int'l Realty
Investment Insights
Based on property information with market context.
This fourplex residential income property includes four separate units. Two units are configured as 3-bedroom, 2.5-bath homes, and the other two units feature 2 bedrooms and 2 bathrooms.
The building is located about a block from Miami Shores. Each unit has its own water and electrical meter, supporting independent utility management for tenants.
The seller is offering terms for interested buyers, with an emphasis on entertaining offers that make sense.
The building is located about a block from Miami Shores. Each unit has its own water and electrical meter, supporting independent utility management for tenants.
The seller is offering terms for interested buyers, with an emphasis on entertaining offers that make sense.
Key Highlights
- Fourplex built in 2006 with four rental units
- Unit mix includes (2) 3‑bedroom/2.5‑bath units and (2) 2‑bedroom/2‑bath units
- Each unit has its own water and electrical meter
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 | $212.3k | $30.60 |
| − Vacancy | −$13.5k | −$1.95 |
| EGI | $198.8k | $28.65 |
| − OpEx | −$59.6k | −$8.60 |
| NOI | $139.1k | $20.06 |
6,938 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.99M
$1.74M – $2.32M
NOI $139,145 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,168 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,824 @ 7.0% cap · market cap 18.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex offers four rental units with individual water and electrical meters.
Where is this quadplex located?
The property is located at 9302 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fourplex built in 2006 with four rental units; Unit mix includes (2) 3‑bedroom/2.5‑bath units and (2) 2‑bedroom/2‑bath units; Each unit has its own water and electrical meter
