Two adjacent corner lots being sold together between El Portal and Miami Shores. One lot has 2 houses and the other lot has 1 house plus space to develop a two story 1200 SQFT house. See diagrams in the pictures for a better understanding. The property can be leased annually to 3 different single family home tenants for approximately $10,000 – $11,000 as a potential 6% cap rate OR it can be operated as an Airbnb functioning as a 6-unit rental (1st house has 2 guest rooms, second house has 1 guest room) generating over $250,000.00 in revenue at an approximate 11% cap rate. Both lots combine for 14,000 SQFT and the property is unincorporated Dade County making it very easy to pull permits and develop the vacant space. The property is currently being used as a 6-unit Airbnb. Call Agent.
Property Details
Price:
$1,500,000
MLS #:
A11743325
Status:
Active
Beds:
0
Baths:
0
Address:
9111 NW 4th Ave
Type:
Multi Family
Subtype:
Triplex
Subdivision:
PINEWOOD PARK PL AMD 2ND
Neighborhood:
Pinewood Park Pl Amd 2nd
City:
Miami
Listed Date:
Feb 4, 2025
State:
FL
Finished Sq Ft:
3,768
Total Sq Ft:
3,768
ZIP:
33150
Year Built:
1954
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Schools
Interior
Cooling
Other
Flooring
Vinyl
Heating
Other
Exterior
Parking Spots
10
Roof
Concrete
Financial
Tax Year
2024
Taxes
$7,860
Map
Community
- Address9111 NW 4th Ave Miami FL
- SubdivisionPINEWOOD PARK PL AMD 2ND
- CityMiami
- CountyMiami-Dade County
- Zip Code33150
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