About This Property

PRICE DROP Rare opportunity to acquire a high-performing, income-generating 4-plex in the heart of Miami’s booming Allapattah neighborhood. Strategically located just blocks from the Miami Health District (Jackson Memorial/UM), this property is a turnkey "bunker" delivering a massive $12,650 in monthly gross income ($150k/year). The building features two large 3-bedroom/2-bathroom units and two spacious 2-bedroom/1-bathroom units of solid 1979 CBS construction on a generous 7,072-square-foot lot. What truly sets this asset apart is the unrivaled on-site parking: 12 dedicated spots provide a 3:1 ratio that is virtually non-existent for any multifamily property in the City of Miami, offering a significant competitive edge for tenant retention and future rent appreciation. With T4-R (Urban Centre Zone - Transition) zoning, the property offers long-term development density upside in a supply-constrained district fueled by the Health District workforce and the expanding Wynwood/Edgewater corridor. Whether you are looking for a stable 1031 exchange vehicle or a strategic land-bank with high-yield immediate returns, this Allapattah gem hits every mark. Do not disturb tenants.

Key Features

• Built in 1979

Property Details

• Type: Single Family Home
• Year Built: 1979
• Sq Ft: 4,138
• Price / Sq Ft: $375
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1979
• Status: Active
• MLS Number: 1159223633
• Days on Market: 162
• Listed By: Fausto Commercial Realty Consultants Inc · Miguel Fuentes
• Zip Code: 33125