Prime 4-Unit Investment Opportunity in Little Havana Unlock the potential of this well-located fourplex in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District. Each of the four units is currently rented at $1,

502 SOUTH WEST 13TH AVE #4, Miami

$1,400,000 USD
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Address502 SOUTH WEST 13TH AVE #4, Miami
Building NameLAWRENCE ESTATES LAND COS
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$1,400,000
Previous Price$1,475,000 (14 days ago)
Property StatusActive
MLS NumberA11866977
Living Area3264
Year Built1974
Parking Space Number4
Folio Number01-41-02-006-5250
Gross Rent Income$84,000
Zoning Information3901
Days on Market69

Detailed Description: Prime 4-Unit Investment Opportunity in Little Havana Unlock the potential of this well-located fourplex in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District. Each of the four units is currently rented at $1,750 / month, significantly below market value. With strong rental demand in this thriving neighborhood, units can easily be brought up to market rents of approximately $2,500 / month, offering immediate upside and strong cash-flow potential.

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33135
Address502 SOUTH WEST 13TH AVE
Section2
Zip Code (4 Digits)3937
Financial Information
Price$1,400,000
Price per Foot$0
Previous Price$1,475,000
Folio Number01-41-02-006-5250
Gross Rent Income$84,000
Tax Amount$11,787
Tax Year2024
Full Descriptions
Detailed DescriptionPrime 4-Unit Investment Opportunity in Little Havana Unlock the potential of this well-located fourplex in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District. Each of the four units is currently rented at $1,750 / month, significantly below market value. With strong rental demand in this thriving neighborhood, units can easily be brought up to market rents of approximately $2,500 / month, offering immediate upside and strong cash-flow potential.
Roof DescriptionComposition Roll
Floor DescriptionTerrazzo
Cooling DescriptionCentral Air
Heating DescriptionCentral
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area3264
Zoning Information3901
Year Built1974
Type of PropertyQuadruplex
StyleQuadruplex
Building NameLAWRENCE ESTATES LAND COS
Development NameLAWRENCE ESTATES LAND COS
Construction TypeCBS Construction
Stories Number2.000
Street DirectionSouth West
Parking Space Number4
Listed withRE/MAX Advance Realty II