9111 NW 4th Ave Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33150
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,768 sqft
Price per Sqft $398
Subdivision Pinewood Park Pl Amd 2Nd
MLS Listing ID A11743325
Construction Status Effective Year Built
HOA Y/N No
Year Built 1954
Annual Tax Amount $7,860
Tax Year 2024
Property Sub-Type Triplex
Property Description
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.
Location
State FL
County Miami-dade
Community Pinewood Park Pl Amd 2Nd
Area 31
Interior
Heating Other
Cooling Other
Flooring Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Concrete
Total Parking Spaces 10
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 30-31-01-003-2930
Acceptable Financing Conventional,FHA,Owner May Carry,Other
Listing Terms Conventional,FHA,Owner May Carry,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11743325