1958 NE 172nd St new Save Request In-Person Tour Request Virtual Tour
North Miami Beach,FL 33162
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,142 sqft
Price per Sqft $513
Subdivision Fulford By Sea Sec B
MLS Listing ID A11856839
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $12,022
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
This fully renovated 4-unit multifamily property in North Miami Beach—just minutes from Aventura Mall and Greynolds Park—offers a prime turnkey investment with strong, stable cash flow. Featuring three 1-bedroom units and one 2-bedroom unit, all leased long-term at $1,650–$2,350 per month, the property generates over $88,140 in gross scheduled income annually, with additional upside potential through Section 8 (1/1 rents up to ~$1,950). Upgrades include new kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows. With high rental demand, limited local inventory, and comparable sales supporting long-term appreciation, this is a rare opportunity to acquire a stabilized, cash-flowing asset in a rapidly tightening market.
Location
State FL
County Miami-dade
Community Fulford By Sea Sec B
Area 22
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Window Features Impact Glass
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 07-22-09-004-2380
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11856839