MAJOR PRICE IMPROVEMENT — NOW OFFERED AT $800,000, DOWN $100,000 FROM THE PREVIOUS $900,000 ASKING PRICE.
Reintroduced to the market, 7815 NW 4th Avenue is a fully occupied, newly built two-story duplex featuring two spacious five-bedroom, three-bathroom units—10 bedrooms and six bathrooms total. Unit A is rented for $3,500 per month, while Unit B is rented for $3,065 per month, generating combined gross income of $6,565 monthly or $78,780 annually.
Each unit has its own individual water and electric meters, allowing tenants to pay for their utility consumption and helping reduce the landlord’s operating expenses. Current rents support DSCR financing with approximately 25% down, subject to lender underwriting, appraisal-supported market rents, and final loan terms.
Completed in 2024, the property offers approximately 2,880 square feet of living area on a 7,051-square-foot lot. Modern finishes include stainless-steel appliances, wood cabinetry, granite countertops, contemporary flooring, and generous outdoor space.
Located east of I-95 with convenient access to Little River, Miami Shores, Biscayne Boulevard, Wynwood, and Downtown Miami. At $400,000 per unit and an 11% reduction from the previous asking price, this is a compelling opportunity to acquire a newer, stabilized multifamily asset with immediate income and minimal near-term maintenance.
- Swimming Pool
- Heating System
- Cooling System
- Roof:
- Composition
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33150
- Street:
- 7815 Nw 4th Ave, Miami, Florida 33150
- Longitude:
- W81° 47' 48.4''
- Latitude:
- N25° 50' 48''
- Building Area:
- 2,880 Sqft
- Construction Materials:
- Metal Frame
- Flooring:
- Vinyl
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 01-31-12-015-0030
- Subdivision Name:
- LITTLE RIVER GARDENS
- Tax Annual Amount:
- $11,375
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
7815 Nw 4th Ave, Miami, Florida 33150, Miami, Florida 33150
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $800,000
- Square Footage :
- 2,880 Sqft
- Year Built :
- 2024
- MLS # :
- A12084781
