1800 NW 19th Terrace, Miami, FL 33125
- $1,650,000
- 4,138
- SqFt
- List Price
- $1,650,000
- Days on Market
- 97
- MLS#
- A12011729
- Sq. Ft
- 4,138
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Marldale Sub
- Year Built
- 1979
Property Description
Rare opportunity to acquire a high-performing, income-generating 4-plex in the heart of Miami’s booming Allapattah neighborhood. Strategically located just blocks from the Miami Health District (Jackson Memorial/UM), this property is a turnkey "bunker" delivering a massive $12,650 in monthly gross income ($150k/year). The building features two large 3-bedroom/2-bathroom units and two spacious 2-bedroom/1-bathroom units of solid 1979 CBS construction on a generous 7,072-square-foot lot. What truly sets this asset apart is the unrivaled on-site parking: 12 dedicated spots provide a 3:1 ratio that is virtually non-existent for any multifamily property in the City of Miami, offering a significant competitive edge for tenant retention and future rent appreciation. With T4-R (Urban Centre Zone - Transition) zoning, the property offers long-term development density upside in a supply-constrained district fueled by the Health District workforce and the expanding Wynwood/Edgewater corridor. Whether you are looking for a stable 1031 exchange vehicle or a strategic land-bank with high-yield immediate returns, this Allapattah gem hits every mark. Do not disturb tenants.
Additional Information
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Terrazzo, Tile
- Heating
- Central, Separate Meters
- Roof
- Concrete
- Taxes
- $13,600
- Utilities
- Cable Not Available
- Stories
- 2
- Price Per Sqft
- $398
- Elementary School
- Comstock
- Middle School
- Brownsville
- High School
- Miami Jackson
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Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
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Agent: Miguel A Fuentes | Email: miguel.fuentes002@gmail.com