329 SW 9th Ave Miami, FL 33130
3,380 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,380 sqft
Price per Sqft $442
Subdivision Brickell Riverview
MLS Listing ID A11959419
Style Fourplex
HOA Y/N No
Year Built 1975
Annual Tax Amount $13,795
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2,250 x 2 and 2x @ $2275, delivering high in-place income at a 5.5% CAP rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer).
Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one MTM lease.
Located in one of the strongest rental markets in the country, this Little Havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.
Location
State FL
County Miami-dade
Community Brickell Riverview
Area 41
Direction Please use GPS navigation
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate, Vinyl
Window Features Impact Glass
Exterior
Exterior Feature Balcony, Fence, Security/High Impact Doors
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 01-41-38-003-3960
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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