440-442 SW 81st Ave, Miami, FL

About this property

Rare opportunity to acquire an exceptionally spacious, fully occupied multifamily investment property in a highly central Miami location. Offered at $1,575,000 ,440-442 SW 81 Avenue features approximately 4436 square feet of living area on a phenomenal approximately 12,197 square-foot lot. The property's substantial building footprint and oversized grounds distinguish it from many typical duplex and small multifamily properties available throughout Miami-Dade County. The property is currently configured and rented as: 3 bedroom-2 bath residence at $3750.00, per month, 3 bedroom-2 bath residence at $3750.00 per month and 1 bedroom-1 bath apartment-$1500.00 per month with current gross rental income of $9000.00 and total current gross annual income pf $108,000.00. Both residences have been updated, and the entire property has been well maintained. You also have the opportunity to reconfigure the property as a triplex or potentially a fourplex, subject to zoning, permitting, parking, building code requirement and all applicable governmental approval. The property is entirely fenced. It is situated near major roadways, Miami International Airport, school and shopping centers. The property is fully tenant. To show Proof of funds is required or preapproval letter. Do not disturb the tenants, knock on doors, enter the property or walk the grounds. All showings are strictly by confirmed appointments. The owner is a Fl. Real Estate Broker. Only serious offers please.