Refurbished Fourplex With Split
New
For Sale
$1,000,000
4450 W Flagler St, Miami, FL 33134
Fully occupied fourplex with refurbished units, multiple split A/C systems, and two dedicated parking spaces per unit.
Property Size2,103 SF
Price / SF$475.51
Days on Market5
Property Features for 4450 W Flagler St
General Information
Standard status
Active
Size
2,103 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Multifamily Units
4
Parking per Unit
2
Additional Details
Average Monthly Rent
$1,450
Building Details
Building Size
2,103 SF
Year Built
1955
Listing Agency:
Luxe Properties
(786) 290-5479
Listed By:
Bryan Mizrahi · License #3438276
Source:
Allyandaj
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 11:29AM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This fully occupied fourplex is an income-producing property with four units that have been refurbished and well maintained. Each unit features multiple split A/C systems for efficient climate control, along with two dedicated parking spaces.
Built in 1955, the property has had multiple capital improvements, including new impact windows, fresh exterior paint, a newly paved parking lot, and the property recently being fully termite tented.
The combination of refurbished interiors, multiple A/C systems per unit, and recent exterior and site upgrades supports a low-maintenance ownership profile for an operator seeking ready-to-rent residential income in Miami.
Built in 1955, the property has had multiple capital improvements, including new impact windows, fresh exterior paint, a newly paved parking lot, and the property recently being fully termite tented.
The combination of refurbished interiors, multiple A/C systems per unit, and recent exterior and site upgrades supports a low-maintenance ownership profile for an operator seeking ready-to-rent residential income in Miami.
Key Highlights
- Four‑unit fourplex, fully occupied
- Refurbished and well‑maintained units
- Multiple split A/C systems in each 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 | $64.4k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.3k | $28.65 |
| − OpEx | −$18.1k | −$8.60 |
| NOI | $42.2k | $20.06 |
2,103 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $703.0K
NOI $42,177 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,850 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,368 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with refurbished units, multiple split A/C systems, and two dedicated parking spaces per unit.
Where is this quadplex located?
The property is located at 4450 W Flagler St Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑unit fourplex, fully occupied; Refurbished and well‑maintained units; Multiple split A/C systems in each unit
