Exceptional investment opportunity in the highly sought-after Little Gables neighborhood, just minutes from downtown Gables. This stable and reliable four-plex sits on a 7,500 sq ft corner lot and features four 2-bedroom, 1-bath units, each with a 1-year lease at $2,500/month. The property boasts separate electric meters and three split AC units per unit. Residents have access to owned washers and dryers within their individual units. Recent updates include brand-new floors, appliances, bathrooms, impact windows and doors throughout, and more—tenting in June 2021 and 40-year recertification in 2022. The electrical system was upgraded to circuit breakers in 2016, and the roof was resealed in 2014. Please check broker remarks for more information.
- Address 1620 SW 40th Ave
- City Miami
- County Miami-Dade
- Zip 33134
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Price
$2,300,000
($690 / SqFt) - Status Active
- Subdivision Anderson Park
- Pets Allowed No
- MLS® # A11645459
- Property Type Residential Income
- Property Sub TypeQuadruplex
- Status Active
- Square Feet 3,334
- Year Built 1959
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $12,640
- Tax Year 2023