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/month
Unit 2: 1 Bed / 1 Bath – Rented for $1,200/month
Unit 3: 1 Bed / 1 Bath – Rented for $1,000/month
Unit 4: 1 Bed / 1 Bath – Currently vacant, needs light work
Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400.
Lot Size: ±5,0 SF
Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami’s fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.