5-Unit Multifamily
443 Southwest 4th Avenue Miami, FL 33130
443 Southwest 4th Avenue, Miami, FL, 33130
$1,285,000
Pending
For Sale
$1,285,000
Pending
Two-story five-unit multifamily building with on-site parking and multiple remodeled units, with newer HVAC and copper/PVC plumbing.
Property Size3,240 SF
Days on Market30
Property Features for 443 Southwest 4th Avenue
General Information
- Standard status
- Pending
- Size
- 3,240 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1959
Listing agency
La Rosa Realty LLC
(800) 515-7513
Listed by
Russell Brooke · License #0642982
(800) 515-7513
Source
Compass
Added: Jun 24 Updated: Jul 22 at 9:45AM Checked: Jul 22 at 9:45AM
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 La Rosa Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained two-story multifamily property includes five units: four 1-bedroom/1-bath residences and one 2-bedroom/1-bath unit. The building features on-site parking with five private spaces and room for expansion, newer permitted railings, upgraded corridor flooring, and a shingle roof permitted under 10 years old. Plumbing improvements include copper and PVC, and the electrical has been updated with separate meters. Several units have been remodeled, and newer A/C units were installed between 2019 and 2023.
The four 1/1 units are tenant occupied, and the 2/1 unit is currently being used by the owner. Units are rented month-to-month, and the property is reported to be 100% occupied.
The long-held ownership history and separate metering support straightforward operational management for a new buyer, with the month-to-month structure allowing flexibility in how the units are managed going forward.
The four 1/1 units are tenant occupied, and the 2/1 unit is currently being used by the owner. Units are rented month-to-month, and the property is reported to be 100% occupied.
The long-held ownership history and separate metering support straightforward operational management for a new buyer, with the month-to-month structure allowing flexibility in how the units are managed going forward.
Key Highlights
- Two‑story 5‑unit multifamily building (6 bed/5 bath total) built in 1959
- On‑site parking with five private spaces plus room for expansion
- Newer permitted shingle roof under 10 years old and newer permitted railings
Local Financial Insights For Apartment 5plus
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 | $116.6k | $36.00 |
| − Vacancy | −$7.8k | −$2.41 |
| EGI | $108.8k | $33.59 |
| − OpEx | −$49.0k | −$15.11 |
| NOI | $59.9k | $18.47 |
3,240 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$855.1K
$748.2K – $997.6K
NOI $59,854 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,091 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-story five-unit multifamily building with on-site parking and multiple remodeled units, with newer HVAC and copper/PVC plumbing.
Where is this apartment building located?
The property is located at 443 Southwest 4th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Two‑story 5‑unit multifamily building (6 bed/5 bath total) built in 1959; On‑site parking with five private spaces plus room for expansion; Newer permitted shingle roof under 10 years old and newer permitted railings
