Fourplex with Central A/C
2371 SW 27th St Miami, FL 33133
For Sale
Contact for pricing
Four spacious 2BD/1BA units with central A/C and on-site parking, suited for long- or short-term rental use.
Property Size3,066 SF
Price / SF$481.08
Days on Market58
Property Features for 2371 SW 27th St
General Information
- Standard status
- Active
- Size
- 3,066 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1946
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Maria Pena Cabezas · License #3379668
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 22 at 12:02PM
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 LoKation
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four spacious 2-bedroom, 1-bath units with functional layouts and central A/C. Units are currently rented, and one unit has a newly replaced A/C system. The property has been recently painted, has passed the 40-year certification, and includes upgraded exterior lighting. Ample on-site parking supports easy resident access.
Located in Miami, the property is minutes from Coconut Grove, Coral Gables, The Underline, US-1, Metrorail, Brickell, and Downtown Miami. University of Miami is less than 7 minutes away, placing tenants within reach of major employment and lifestyle destinations.
For investors or operators, the building’s four-unit configuration and turnkey rental status may appeal to those seeking a residential income asset suitable for either long- or short-term rentals, depending on business strategy. With central A/C across the units, recent property updates, and a current rental base, the property provides a practical foundation for ongoing management and potential operational improvements.
Located in Miami, the property is minutes from Coconut Grove, Coral Gables, The Underline, US-1, Metrorail, Brickell, and Downtown Miami. University of Miami is less than 7 minutes away, placing tenants within reach of major employment and lifestyle destinations.
For investors or operators, the building’s four-unit configuration and turnkey rental status may appeal to those seeking a residential income asset suitable for either long- or short-term rentals, depending on business strategy. With central A/C across the units, recent property updates, and a current rental base, the property provides a practical foundation for ongoing management and potential operational improvements.
Key Highlights
- Well‑maintained fourplex built in 1946 with four 2BD/1BA units
- All units are currently rented at $2,200/month
- Each unit includes central A/C; one unit has a newly replaced A/C system
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 | $93.8k | $30.60 |
| − Vacancy | −$6.0k | −$1.95 |
| EGI | $87.8k | $28.65 |
| − OpEx | −$26.4k | −$8.60 |
| NOI | $61.5k | $20.06 |
3,066 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$878.4K
$768.6K – $1.02M
NOI $61,490 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$809.1K
$708.0K – $944.0K
NOI $56,639 @ 7.0% cap · market cap 3.84%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,870 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four spacious 2BD/1BA units with central A/C and on-site parking, suited for long- or short-term rental use.
Where is this quadplex located?
The property is located at 2371 SW 27th St Miami, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 1946 with four 2BD/1BA units; All units are currently rented at $2,200/month; Each unit includes central A/C; one unit has a newly replaced A/C system
