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    2042 4Th St Miami, FL 33135

    For Sale
    $850,000

    High-Yield, Centrally Located Apartment Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional multifamily investment property, located at 2042 SW 4th St, Miami, FL 33135, presents a compelling opportunity. The 1-story, 1940-built building sits on a 6,900 sq ft lot and is currently 100% occupied, generating a gross monthly income of $3,800. Zoned T-4R, the property is situated in a transit corridor, allowing for parking reductions. Detailed plans for five 3-bedroom/2.5-bathroom townhouses are included in the sale and are ready for submission. Alternatively, the lot allows for up to 5 market-rate units "by right" or up to 10 units under Miami's attainable mixed-income housing program. This prime location offers convenient access to Calle Ocho, Publix, and the vibrant Brickell area. The land value is estimated at $115-$125 per square foot. This property offers significant upside potential for savvy investors seeking a strong return on investment in a desirable Miami location. The asking price is $850,000.

    Property Features for 2042 4Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1

    HighLights

    • $850,000 asking price.
    • Multifamily property, Apartment Building/Single Family Rental Portfolio.
    • 100% occupancy.
    • Built in 1940, one‑story building on a 6,900 sq ft lot.
    • Land value: $115-$125/sq ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.228660800899
    Latitude
    25.769041409465

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield, Centrally Located Apartment Building
    Where is this multifamily property located?
    The property is located at 2042 4Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; Multifamily property, Apartment Building/Single Family Rental Portfolio.; 100% occupancy.
    Request Owner's contact information
    2042 4Th St Miami, FL 33135
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    Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2042 4Th St Miami, FL 33135
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