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14501 NE 14th Ave 4 Unit Apartment Building $1,596,000 ($399,000/Unit) 7.50% Cap Rate Miami, FL 33161
INVESTMENT HIGHLIGHTS
- 10 bedrooms, 8 bathrooms across two detached duplexes built in 1990.
- Attractive for 1031 exchanges and long-term appreciation in one of Miami’s fastest-growing areas.
- ACTUAL Gross rental income of \$11,525/month (\$138,300/year), delivering a 7.5% cap rate.
- 27,351 SF lot in a designated Opportunity Zone.
- 4 electric and 4 water meters; tenants pay all utilities.
- Impact windows, quartz kitchens, and modern finishes throughout.
EXECUTIVE SUMMARY
Turnkey legal 4-unit (10 Bedroom 8 Bath) multifamily on a 27,351 SF Double corner lot in an Opportunity Zone and eligible under the Live Local Act. Two detached duplexes (1990), each with a 2/2 and 3/2 — all fully fenced and renovated with impact windows, quartz kitchens, and modern finishes. Tenants pay all utilities 4 electric + 4 water meters, large units grossing $11,525/mo ($138,300/yr) an ACTUAL 7.5% cap rate. Located just 13 min to Sunny Isles Beach, 20 min to Aventura Mall, and near future Brightline/SMART rail stations. Exit strategies: divide lot in 2 parcels and sell off individually or commercial/multistory redevelopment (buyer to verify). Excellent cash flow, 1031 exchange appeal, and long-term growth in one of Miami’s fastest-growing areas.
PROPERTY FACTS
| Price | $1,596,000 | Apartment Style | Garden |
| Price Per Unit | $399,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 7.50% | Building Size | 3,900 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 5.33/1,000 SF |
| Price | $1,596,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 3,900 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 5.33/1,000 SF |
AMENITIES
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 30-2220-002-2530 | Improvements Assessment | $175,764 |
| Land Assessment | $547,020 | Total Assessment | $722,784 |
PROPERTY TAXES
Parcel Number
30-2220-002-2530
Land Assessment
$547,020
Improvements Assessment
$175,764
Total Assessment
$722,784
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Stratton Real Estate
14501 NE 14th Ave
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