- MLS® #: A11958603
- 3575 Nw 103rd St
- Miami, FL 33147-1569
- $685,000
- Business
Great opportunity to acquire a cash-flowing multifamily property in the emerging Little River neighborhood of Miami. This legal triplex is currently operating as a non-conforming fourplex, with three units rented and one vacant, offering immediate income with additional upside. Property Breakdown: Unit 1: 2 Bed / 1 Bath – Rented for $1,500/month Unit 2: 1 Bed / 1 Bath – Rented for $1,200/month Unit 3: 1 Bed / 1 Bath – Rented for $1,000/month Unit 4: 1 Bed / 1 Bath – Currently vacant, needs light work Total Current Annual Gross Rent: $44,400 with potential to increase upon leasing the vacant unit to $62,400. Lot Size: ±5,0 SF Located just minutes from Wynwood, Little Haiti, Design District, and Midtown, this centrally located property provides stable income and long-term value in one of Miami’s fastest-growing submarkets. Ideal for investors seeking cash flow with light value-add potential. Buyer to verify zoning and rental compliance.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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