Investment Opportunity: Newly Renovated Multifamily Property in Miami

Address: 1852 SW 22nd Terrace, Miami, FL 33145
Price: $1,400,000 (or purchase both 1852 & 1856 SW 22nd Terrace for $2,700,000)

Discover an exceptional investment opportunity with this beautifully renovated fourplex located in the heart of Miami’s sought-after Shenandoah neighborhood. Built in 1926, this concrete block construction property combines classic charm with modern updates, making it an ideal asset for any investor.

Key Features:

• Building Details: Two stories, total living area of 2,944 sq. ft.
• Units: 4 units with individual electric meters, ensuring efficient management.
• Condition: Freshly painted and remodeled, ready for immediate occupancy or leasing.
• Lot Size: 50 ft x 117 ft, offering potential for additional upgrades or customization.
• Zoning: ¤0100, allowing for flexible use within the city’s guidelines.
• Flooring: Durable ceramic and laminate floors throughout.

Financial Highlights:

• Gross Potential Income: Contact for details.
• Expenses Covered in Rent: Lawn care, pest control, and trash removal.
• Taxes: $10,444 (2024).

Additional Information:

• Parking: 4 designated spaces.
• Utilities: Central heating and cooling systems, municipal sewer.
• Ownership Structure: Property is not subject to HOA fees or association restrictions.
• Possession: Subject to current leases.

Ideal Location:
Located minutes from Coral Gables, Brickell, and Downtown Miami, this property offers tenants unparalleled access to major business districts, shopping, dining, and entertainment.

Investment Options:
The property can be purchased individually for $1,400,000 or as a package with the adjacent fourplex at 1856 SW 22nd Terrace for $2,700,000.

Don’t miss this prime multifamily investment opportunity in a thriving Miami neighborhood.

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