Property Description

Great opportunity to acquire a cash-flowing multifamily property in the emerging Little River neighborhood of Miami. This legal triplex is currently operating as a non-conforming fourplex, with three units rented and one vacant, offering immediate income with additional upside.Property Breakdown:Unit 1: 2 Bed / 1 Bath ? Rented for $1,500/monthUnit 2: 1 Bed / 1 Bath ? Rented for $1,200/monthUnit 3: 1 Bed / 1 Bath ? Rented for $1,000/monthUnit 4: 1 Bed / 1 Bath ? Currently vacant, needs light workTotal Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400.Lot Size: ±5,0 SFLocated just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miamis fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.

Property Features