441 25Th Ave Miami, FL 33125
- Small apartment buildings
- 3,400 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 441 25Th Ave
- Year built
- 1925
- Property size
- 3,400 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building in Miami's vibrant Little Havana neighborhood. The property, known as PORTLAND PLACE, boasts 3,400 square feet of rentable space, distributed across four two-bedroom, one-bathroom units. Built in 1925 and renovated in 2020, the building features impact windows and provides eight parking spaces (two per unit). Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $8,600 per month, with month-to-month leases and additional income from washer/dryer rentals averaging $300 monthly. The asking price is $1,250,000, translating to $312,500 per unit and $367.65 per square foot. Situated on a 7,000 square foot lot, the property is zoned for multifamily use, presenting potential for future expansion, such as adding an accessory dwelling unit (ADU), per current zoning laws. This is a turnkey investment ready for immediate income generation. The property is easily shown.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.236960428847
- Latitude
- 25.777050855872
