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Residential Income
$2,300,000
1620 SW 40th Ave Miami, FL

A11645459

385 of 457 for Sale
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an agent
  • Listed On:

    Sep 3, 2024
  • Days on Market:

    62
  • Year:

  • Taxes:

    $12,640 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

1620 SW 40th Ave Miami, FL Exceptional investment opportunity in the highly sought-after Little Gables neighborhood, just minutes from downtown Gables. This stable and reliable four-plex sits on a 7,500 sq ft corner lot and features four 2-bedroom, 1-bath units, each with a 1-year lease at $2,500/month. The property boasts separate electric meters and three split AC units per unit. Residents have access to owned washers and dryers within their individual units. Recent updates include brand-new floors, appliances, bathrooms, impact windows and doors throughout, and more—tenting in June 2021 and 40-year recertification in 2022. The electrical system was upgraded to circuit breakers in 2016, and the roof was resealed in 2014. Please check broker remarks for more information.

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For Sale Details

  • Heating Description

    Central

  • Photo Count

    44

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1959

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