1460 E West Ave, Miami Beach, FL 33139 — MLS photo

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1460 E West Ave, Miami Beach, FL 33139

Active · Quadruplex

$1,791,000

1460 E West Ave, Miami Beach, FL 33139

Beds
—
Baths
0
Living area
4,952 sq ft
$ / sq ft
$362/sq ft
Year built
1947
Lot size
—
HOA fee
—
Annual tax
—

About this property

Rare investment NO condo fee opportunity to acquire three oversized 2 bedroom, 2 bathroom residences in a boutique four unit building showcasing classic 1947 Miami Modern (MiMo) architecture corner property on West Avenue Reflecting the clean lines, abundant natural light, and indoor outdoor living concepts that defined postwar Miami Beach design, each just under 1,200 square foot residence offers expansive living spaces, large dine in kitchens, private front and rear entrances On site 1 parking space per unit, and a flexible sun drenched Florida room framed by signature banks of windows, ideal for a home office, dining, or additional living space. Each unit is a corner unit two are top Floor one is 1st floor. Communal garden at the rear offering great potential. The property offers strong investor appeal. Improvements completed, include a 10 year old roof, 40 year recertification, impact windows throughout, updated electrical and plumbing, tankless water heaters, and central AC in each. A comparable unit within the building recently leased for $3,150/month, supporting strong rental demand. Two of the units rented below market value are currently occupied on month to month; one unit is vacant, creating immediate upside potential for an investor or owner occupant. Located just minutes from the beach, parks, cafés, restaurants, and shopping, this is a compelling opportunity . Units may be available for individual sale. Showings by appointment only with 24hr notice.

Property location

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1460 E West Ave, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0
Living area
4,952 sq ft

Exterior & Structure

Property type
Quadruplex
Year built
1947

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A12025996
Listing status
Active

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Estimated monthly cash flow

$84

Cap rate
5.7%
Net yield
5.7%
Cash-on-cash return
0.2%
Gross yield
9.3%
Mortgage payment
$8,490/mo
Down payment
$447,750
Loan amount
$1,343,250
Annual NOI
$102,895

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.