1838 NW 1st St, Miami, FL 33125

Building Details

Year Built

1920

Listing agent Juan Araujo-Roca License #3244824

Listing office First Pro International Rlty

Listing date Oct 12, 2024

Source Crexi

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Overview

This multifamily property features four units and a storage area. The property is exempted from the 40-year recertification. The property has three FPL meters. Most of the units are rented below market value. Located a few blocks from the New Marlins Stadium, the property is also close to Calle 8, Brickell, the Miami River, Downtown, and the Airport. This property may be suitable for investors seeking a growing area with potential for increased annual net returns. The property may also be suitable for fix and flip strategies. Some tenants have resided in the property for an extended period, up to 19 years.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.225717

Latitude

25.774285

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FAQs

What type of property is this?

Quadplex - Four units near Marlins Stadium, potential for increased returns.

Where is this quadplex located?

The property is located at 1838 NW 1st St Miami, FL.

What is the asking price?

The asking price for this property is $898,000.

What are key features of this property?

This property features: Owner financing available; Exempt from 40‑year recertification; Four units plus storage with three FPL meters