9200 32Nd Ct Miami, FL 33147

This exceptional investment opportunity presents a four-unit multifamily property located at 9200 NW 32nd Ct, Miami, FL 33147, in Miami-Dade County. The property, known as THE TROPICS ADDN, is a single-story building constructed in 1955, offering a total of 3,332 square feet of living space. Currently configured as three single-family residences and one legal efficiency unit, this property sits on a substantial 21,000 square foot lot, providing significant potential for expansion or redevelopment. The asking price is $899,567. While requiring some renovations, this fixer-upper presents a compelling opportunity for investors seeking to increase property value and generate substantial rental income. The expansive lot size offers considerable upside for those looking to maximize rental yield or explore future development possibilities. The property's location in Miami, Florida, adds to its appeal, given the city's strong rental market. This is an ideal investment for those seeking a high-yield rental property or a project with significant potential for equity growth. The existing structure comprises three single-family residences and one efficiency unit, all legally permitted. This presents a unique opportunity to either renovate and manage the existing units or to pursue a larger-scale development project.