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1236 NW 28th St 4 Unit Apartment Building $890,000 ($222,500/Unit) 6.22% Cap Rate Miami, FL 33142
EXECUTIVE SUMMARY
Prime Investment Opportunity: Fully Legal, Income-Producing Fourplex in the Heart of Allapattah – Seller Highly Motivated!
Introducing 1236 NW 28th St, a turnkey investment property in one of Miami’s fastest-growing neighborhoods—Allapattah. This fully leased, legally zoned fourplex offers an immediate and consistent income stream, currently generating $5,800 per month in gross rental income.
With low operating expenses—tenants are responsible for all utilities except water and trash—this asset provides excellent cash flow and minimal management overhead. Whether you're a seasoned investor or just beginning your portfolio, this property checks all the boxes for a profitable, low-maintenance investment.
Unbeatable Location:
Situated minutes from the thriving Wynwood Arts District, the Health District, and Downtown Miami, the property offers superb accessibility to I-95, SR 836, and other major highways. The area is experiencing rapid growth and transformation, with increasing demand for rental housing driven by its proximity to employment centers, cultural hotspots, and transit options.
Introducing 1236 NW 28th St, a turnkey investment property in one of Miami’s fastest-growing neighborhoods—Allapattah. This fully leased, legally zoned fourplex offers an immediate and consistent income stream, currently generating $5,800 per month in gross rental income.
With low operating expenses—tenants are responsible for all utilities except water and trash—this asset provides excellent cash flow and minimal management overhead. Whether you're a seasoned investor or just beginning your portfolio, this property checks all the boxes for a profitable, low-maintenance investment.
Unbeatable Location:
Situated minutes from the thriving Wynwood Arts District, the Health District, and Downtown Miami, the property offers superb accessibility to I-95, SR 836, and other major highways. The area is experiencing rapid growth and transformation, with increasing demand for rental housing driven by its proximity to employment centers, cultural hotspots, and transit options.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Walk-In Closets
- Yard
- Pantry
- Patio
- Porch
SITE AMENITIES
- Fenced Lot
- Gated
- Gas Range
- Trash Pickup - Curbside
- Walking/Biking Trails
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 01-3126-039-2190 | Total Assessment | $440,640 (2025) |
| Land Assessment | $235,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $205,440 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3126-039-2190
Land Assessment
$235,200 (2025)
Improvements Assessment
$205,440 (2025)
Total Assessment
$440,640 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
AROD PARTNERS REALTY
1236 NW 28th St
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