Miami, FL 33144

Property Description

Rare opportunity to acquire an exceptionally spacious, fully occupied multifamily investment property in a highly central Miami location. Offered at $1,675,000.00 ,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, parki