Fully Renovated
22210 Southwest 116th Avenue Miami, FL 33170
For Sale
$965,000
Turnkey quadplex with independent electrical meters and brand-new central A/C for each unit.
Property Size2,451 SF
Price / SF$393.72
Days on Market356
Property Features for 22210 Southwest 116th Avenue
General Information
- Standard status
- Active
- Size
- 2,451 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1962
Listing Agency:
Best Homes of Miami
(786) 286-6860
Listed By:
Sisi Enriquez · License #0640840
(786) 286-6860
Source:
Compass
Added: Aug 3, 2025
Changed: Jul 22
Last Checked: Jul 23 at 11:00AM
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 Best Homes of Miami
Investment Insights
Based on property information with market context.
Fully renovated, turnkey quadplex designed for income generation. Each unit includes independent electrical meters, brand-new central A/C systems, and new appliances. The property has been approved for Section 8, and one unit is currently leased at $2,500 per month.
Located at 22210 Southwest 116th Avenue in Miami, Florida 33170. Public remarks note a rapidly developing neighborhood with new builds nearby contributing to rental demand and property value growth.
Located at 22210 Southwest 116th Avenue in Miami, Florida 33170. Public remarks note a rapidly developing neighborhood with new builds nearby contributing to rental demand and property value growth.
Key Highlights
- Turnkey quadplex (Year Built 1962) with independent electrical meters for each unit
- Brand‑new central A/C system in each unit
- New appliances provided in every unit
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 | $75.0k | $30.60 |
| − Vacancy | −$4.8k | −$1.95 |
| EGI | $70.2k | $28.65 |
| − OpEx | −$21.1k | −$8.60 |
| NOI | $49.2k | $20.06 |
2,451 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$702.2K
$614.5K – $819.3K
NOI $49,156 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$646.8K
$566.0K – $754.6K
NOI $45,278 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,811 @ 7.0% cap · market cap 12.00%
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 - Turnkey quadplex with independent electrical meters and brand-new central A/C for each unit.
Where is this quadplex located?
The property is located at 22210 Southwest 116th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Turnkey quadplex (Year Built 1962) with independent electrical meters for each unit; Brand‑new central A/C system in each unit; New appliances provided in every unit
