About this Property

Turn-key income-producing fourplex in the highly sought-after Coral Way neighborhood of Miami. Strong rental demand supports this stabilized investment comprised of two separate structures with individual meters. Currently configured as four units: three 2-bedroom/1-bath apartments in the main structure and a separate 2-bedroom/1-bath cottage-style unit at the rear of the property, offering added privacy and tenant appeal. Units have been renovated and updated over recent years, including new stainless steel appliances, updated kitchens and bathrooms, new flooring, fresh interior paint, and select A/C replacements. On-site, owner-controlled coin-operated laundry provides additional ancillary income. Property generates approximately $102,000 in gross annual income with stable in-place tenancy and defined lease rollovers. Ideal opportunity for an investor seeking immediate cash flow or an owner-occupant looking to live in one unit while offsetting expenses with rental income from the others. Centrally located minutes from Brickell, Downtown Miami, and Coconut Grove. Call for further details. All information contained herein is deemed reliable but not guaranteed. Buyer and Buyer's agents are solely responsible for independently verifying all information, including financials, leases, and property condition, before purchase.

Disclaimer

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Beachfront Realty Inc.