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BELVEDERE FOURPLEX 1992 NW 56th St 4 Unit Apartment Building $725,000 ($181,250/Unit) Miami, FL 33142
Investment Highlights
- Four-unit multifamily property on a corner lot in a well-established area.
- Section 8 approved asset with existing demand for affordable housing.
- Separate utility meters reduce management oversight and simplify operations.
- Each unit features a 1-bedroom, 1-bath configuration, fully move-in ready.
- Convenient access to major highways, public transportation, shopping, and schools.
Executive Summary
Exceptional investment opportunity at 1992 NW 56th St! This turnkey fourplex features four 1-bedroom, 1-bathroom units on a desirable corner lot. Section 8 approved and ideally positioned for strong rental demand, this property is perfect for both new and seasoned investors looking to grow their portfolio. Conveniently located near major highways, schools, shopping, and employment centers. Units are move-in ready and primed for tenant occupancy, offering immediate income potential. Don't miss your chance to secure a cash-flowing asset in a rapidly growing market before prices climb further.
Property Facts
| Price | $725,000 | Building Class | C |
| Price Per Unit | $181,250 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 1,672 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 0100 - Single-Family - General | ||
| Price | $725,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 1,672 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Opportunity Zone |
Yes |
| Zoning | 0100 - Single-Family - General |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,500 | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 30-3115-014-0170 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $366,300 |
Property Taxes
Parcel Number
30-3115-014-0170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$366,300
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BELVEDERE FOURPLEX | 1992 NW 56th St