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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1969
Sq.Footage
2,803
Fully renovated 4-unit multifamily in the highly desirable MiMo District / Upper East Side, delivering an attractive ~5.9% cap rate in one of Miami’s most rapidly appreciating submarkets. This turnkey asset features four spacious 2BR/2BA units (~700 SF each), all upgraded with modern kitchens, updated bathrooms, new flooring, and central A/C. Brand-new roof (2026) significantly reduces future capital expenditures, enhancing long-term returns and investor confidence. The property also includes on-site laundry, assigned parking, and efficient layouts with strong tenant appeal. Individually metered water (submeters for each unit) allows utility costs to be passed through to tenants, reducing owner expenses and improving overall NOI. Positioned just steps from Biscayne Blvd and minutes to the Design District, Midtown, Wynwood, and Downtown Miami, this location drives consistent rental demand and supports premium rents. Ideal for investors seeking immediate cash flow + appreciation upside, with a stabilized asset in a high-growth corridor. Opportunities at this cap rate for renovated product in MiMo are increasingly rare. Easy to show. Contact listing agent for financials and rent roll.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Fourplex
Price
-
Sales Price
$1,650,000
-
Tax Amount
$13,060
-
Zoning
3900
-
Sq. Footage
2, 803
-
Price/SqFt
$588
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Magali Resnik , Brickell Brokers LLC
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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