Description

Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential.

Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you’re looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.

Address

Open on Google Maps

Address: 1st St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33128
Area: CITY OF MIAMI SOUTH

Details

Updated on March 4, 2026 at 3:41 am

Property ID A11833174
Price $1,095,000
Property Size 3510 Square Feet
Year Built 1925
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Old Spanish
BuildingAreaTotal 3510
BuildingAreaUnits Square Feet
BuildingName CITY OF MIAMI SOUTH
BuyerAgentDirectPhone 407-559-8608
BuyerAgentEmail paoladiaz@jplegacygroup.com
BuyerAgentFullName Paola Diaz Lozada
BuyerAgentKey 5862f37b7ab7cb1be3e6246e86fc63e5
BuyerAgentMlsId 3525414
BuyerAgentOfficePhone 888-883-8509
BuyerAgentStateLicense 3525414
BuyerOfficeKey 14a9ad23c4528f8801339930dc5ae018
BuyerOfficeMlsId EXPP01
BuyerOfficeName EXP Realty LLC
BuyerOfficePhone 888-883-8509
CloseDate 2026-02-26
ClosePrice 1010000
ConstructionMaterials Concrete Block Construction
Contingency No Contingencies
ContractStatusChangeDate 2026-02-26
Cooling Electric, Wall/Window Unit(s)
CurrentFinancing Seller Financing
DaysOnMarket 244
DocumentsAvailable Deposit - Security, Rent Rolls
ExpirationDate 2026-07-02
Flooring Tile
Heating Electric, Window/Wall
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-951-5230
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor City Of Miami South
MajorChangeTimestamp March 3, 2026 at 09:21pm
MajorChangeType Closed
MlsStatus Closed
ModificationTimestamp March 3, 2026 at 09:21pm
NumberOfUnitsInCommunity 4
OffMarketDate 2026-03-03
OffMarketTimestamp 2026-03-03T05:00:00.000Z
OnMarketDate 2025-07-02
OriginalEntryTimestamp July 2, 2025 at 05:07pm
OriginalListPrice 1265000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-02-00-070-1240
ParkingTotal 0
PendingTimestamp 2026-03-03T05:00:00.000Z
PhotosChangeTimestamp July 2, 2025 at 05:10pm
PhotosCount 12
Possession Funding
PossibleUse Investment
PostalCodePlus4 1441
PreviousListPrice 1195000
PriceChangeTimestamp January 19, 2026 at 08:11pm
PublicSurveyRange 2
PublicSurveySection 0
PublicSurveyTownship 2
RentIncludes Sewer, Trash Collection, Water
Roof Flat Roof With Facade Front
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Appointment Only, Call Listing Agent
SourceSystemKey 417448179
StateOrProvince FL
StatusChangeTimestamp March 3, 2026 at 09:21pm
Stories 2
StoriesTotal 2
StreetDirPrefix NW
StreetName 1st St
StreetNumber 701
StreetNumberNumeric 701
StructureType Quadruplex, Fourplex
SyndicationRemarks Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.
TaxAnnualAmount 13809
TaxLegalDescription CITY OF MIAMI SOUTH PB B-41 S50FT LOT 19 BLK 7 LOT SIZE 50.000 X 50 OR 20017-0312 09 2001 4 COC 21845-4509 11 2003 4
TaxYear 2024
WaterSource Municipal Water
YearBuiltDetails Resale
Zoning 4601