For Sale

Listed by Jose Safdie from Beachfront Realty Inc

Source: MIAMI Association of REALTORS® #A12111480

1126 Northwest 58th Terrace, Miami, FL, 33127

$799,000

4
1980 sq. ft.

Duplex

•

What's around 1126 Northwest 58th Terrace

About this property

The only fully remodeled, permitted, conforming fourplex in the area under $1M, and it sits in a federal Opportunity Zone. Turnkey, fully leased 4-unit in 33127 with an 8.4% in-place cap rate. Four 1/1 units, separately metered for electric. Remodeled under permit. New roof, impact windows, electrical, plumbing, tankless water heaters, kitchens with Samsung black-stainless appliances, and baths. 40-year recertification complete. Gross income $83,400/yr, with rents below the $2,040 Section 8 payment standard: up to $19,320/yr of upside on turnover. Blocks from Related Urban's Liberty Square redevelopment and minutes from the planned Little River district, future Tri-Rail station, Wynwood, and the Design District. 5,680 sf lot with parking for 4. Buy it and collect.

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