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Fourplex - Residential Income 569 SW 4th St 4 Unit Apartment Building $1,425,000 ($356,250/Unit) 5.16% Cap Rate Miami, FL 33130

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Investment Highlights

  • Within walking proximity to Jose Marti, Ada Merritt, Calle Ocho.
  • 4.9% CAP Rate
  • Conveniently located just minutes away from downtown Miami
  • T4-R zoning

Executive Summary

This 1987 fourplex is situated in the iconic neighborhood of East Little Havana, known for its rich cultural heritage, lively street life, and strong community. The building consists of 2-2 bed 1 bath units & 2- 1bed 1bath units rented at $2,300/month and $2,000/month respectively. Individual electric meter, private parking, roof from 2020. It is walking
proximity to Jose Marti, Ada Merritt, Calle Ocho. Over the years, Little Havana has become a popular destination for both locals and tourists alike, offering a diverse range of
cuisine, music, and cultural events. The neighborhood is also conveniently located just minutes away from downtown Miami, providing residents with easy access to some of
the city's finest dining, shopping, and entertainment options. Little Havana experiences significant growth, both in terms of population and development. The neighborhood has become a hub for young professionals and families, attracted by its affordable housing options and growing job market. As a result, Little Havana has seen a surge in new businesses and community initiatives, further enhancing its reputation as a vibrant and thriving neighborhood. This property is an excellent opportunity for anyone looking to invest in one of Miami's most dynamic neighborhoods. With a strong demand for rental properties and a growing population, this fourplex is a solid investment that is sure to
appreciate in value over time.

Property Facts

Price $1,425,000
Price Per Unit $356,250
Sale Type Investment
Cap Rate 5.16%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 3,520 SF
No. Stories 2
Year Built 1987
Parking Ratio 1/1,000 SF
Zoning T4-R - Multifamily

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
01-0202-050-1150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$846,161
  • Listing ID: 34973638

  • Date on Market: 2/28/2025

  • Last Updated:

  • Address: 569 SW 4th St, Miami, FL 33130

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