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1126 Nw 58th Ter, Miami, FL 33127

$799,000
: 1,980
SqFt

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List Price: $799,000
MLS: A12111480
Complex Name: Gabel Sub No 4
Status: ACTIVE
Type: Multifamily
Living Area: 1,980

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Property Description

The only fully remodeled, permitted, conforming fourplex in the area under $1M, and it sits in a federal Opportunity Zone. Turnkey, fully leased 4-unit in 33127 with an 8.4% in-place cap rate. Four 1/1 units, separately metered for electric. Remodeled under permit. New roof, impact windows, electrical, plumbing, tankless water heaters, kitchens with Samsung black-stainless appliances, and baths. 40-year recertification complete. Gross income $83,400/yr, with rents below the $2,040 Section 8 payment standard: up to $19,320/yr of upside on turnover. Blocks from Related Urban's Liberty Square redevelopment and minutes from the planned Little River district, future Tri-Rail station, Wynwood, and the Design District. 5,680 sf lot with parking for 4. Buy it and collect.

305-901-5880 (Office)

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Additional Information

Days on Market: 6
Style: Quadruplex, Fourplex
#Parking Spaces: 4
Year Built: 1936
Development Name: Gabel Sub No 4
#Stories: 1
Construction Type: Frame With Stucco
Section: 14