Quadplex Residential Income
1520 SW 22nd Ave Miami, FL 33145
1520 SW 22nd Ave, Miami, FL, 33145
$1,550,000
For Sale
$1,550,000
For sale quadplex generating residential income at 1520 SW 22nd Ave, Miami, FL.
Property Size2,484 SF
Price / SF$623.99
Days on Market10
Property Features for 1520 SW 22nd Ave
General Information
- Standard status
- Active
- Size
- 2,484 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1924
Listing agency
Elite Ocean View Realty LLC
(305) 905-7514
Listed by
Luiza Renuart · License #3085829
(305) 905-7514
Source
Riserealty
Added: Jul 12 Updated: Jul 20 at 3:43AM Checked: Jul 21 at 3:13AM
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 Elite Ocean View Realty LLC
Investment Insights
Based on property information with market context.
This for-sale quadplex is a residential income property with a total size of 2,484 square feet. The asset is positioned to serve investors or owner-operators seeking a multi-unit rental structure within the residential income property category.
The property is located at 1520 SW 22nd Ave in Miami, Florida. Its compact size may appeal to buyers looking for a smaller multifamily format while maintaining a multi-unit setup under one ownership.
If you’d like, I can help coordinate a showing and confirm additional details such as current occupancy and unit configuration, as those specifics are not provided in the available listing information.
The property is located at 1520 SW 22nd Ave in Miami, Florida. Its compact size may appeal to buyers looking for a smaller multifamily format while maintaining a multi-unit setup under one ownership.
If you’d like, I can help coordinate a showing and confirm additional details such as current occupancy and unit configuration, as those specifics are not provided in the available listing information.
Key Highlights
- Quadplex for sale generating residential income
- Built in 1924
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 | $76.0k | $30.60 |
| − Vacancy | −$4.8k | −$1.95 |
| EGI | $71.2k | $28.65 |
| − OpEx | −$21.4k | −$8.60 |
| NOI | $49.8k | $20.06 |
2,484 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$711.7K
$622.7K – $830.3K
NOI $49,818 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$655.5K
$573.6K – $764.8K
NOI $45,888 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,370 @ 7.0% cap · market cap 7.57%
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 - For sale quadplex generating residential income at 1520 SW 22nd Ave, Miami, FL.
Where is this quadplex located?
The property is located at 1520 SW 22nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Quadplex for sale generating residential income; Built in 1924
