Basics
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 9
- Bathrooms: 6
- Half baths: 0
- Total rooms: 0
- Floors: 1
- Area: 4339 sq ft
- Lot size: 13044, 13044 sq ft
- Year built: 1925
- View: None
- Subdivision Name: THE TROPICS AMD
- County: Miami-Dade
- MLS ID: A12002767
Description
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Description:
THE TROPICS AMD PL PB 10-17 LOTS 3 & 4 LESS BEG SW COR LOT 4 E22FT N38FT W12FT N12FT W10FT S50 FT TO POB BLK 60 LOT SIZE IRREGULAR OR 17809- 9 BEDROOMS 6 BATHROOMS 5 UNITS PRIME INCOME PROPERTY
Exceptional investment opportunity delivering immediate cash flow. This expansive 4,339 SF multifamily property sits on a 13,044 SF lot and features 5 income producing units under one folio. The layout includes a spacious 3 bedroom main residence, two 2 bedroom units, and two 1 bedroom units, making it ideal for an owner occupant or full rental investment.
Zoned for up to 9 units, offering strong future development and value add potential. The oversized lot provides ample space for additional construction and on site parking. All units are currently rented month to month, allowing flexibility to increase rents or reposition the property.
Projected rental income when fully rented is $12,000 per month. This includes two renovated 1 bedroom units at $2,000 each, 2 bedroom units ranging from $2,000 to $2,500, a 3 bedroom unit at $3,000, and a trailer at $700.
Strong income potential from day one with room to grow.
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Building Details
- Water Source: Public
- Architectural Style: Detached,OneStory
- Lot Features: QuarterToHalfAcreLot
- Sewer: SepticTank
- Construction Materials: Block
- Covered Spaces: 0
- Garage Spaces: 0
- Floor covering: CeramicTile
Amenities & Features
- Pool Features: None
- Parking Features: Driveway,Other,OnStreet
- Security Features: SecurityGate
- Patio & Porch Features: Patio
- Roof: Concrete
- Cooling: CentralAir,Electric,WallWindowUnits
- Exterior Features: Fence,Patio
- Heating: Central,WallFurnace
- Interior Features: BedroomOnMainLevel,FirstFloorEntry,MainLevelPrimary
- Laundry Features: WasherHookup,DryerHookup
- Appliances: Microwave,Refrigerator,Washer
Nearby Schools
- Middle Or Junior School: Madison
- Elementary School: Broadmoor
- High School: Miami Central
Expenses, Fees & Taxes
- Tax Annual Amount: $10,232
- Tax Year: 2025
Miscellaneous
- List Office Name: Compass Florida, LLC
- Listing Terms: Cash,Conventional
- Community Features: Gated
- Direction Faces: East