Residential Income

10231 176th St

Miami, FL 33157

ML#:A11980998

List Price:$825,000

Status:Closed

Days on Market:12

Listing Brkr:Anton Agency of Florida

Subdivision:DIXIE HEIGHTS GARDEN

Bedrooms:0

Baths:0

SqFt (Liv):4,179

Lot Size:0 sqft

Year Built:2020

Stories:2

Excellent long-term investment opportunity in West Perrine featuring 2020 construction and strong in-place rental income. The property consists of three units: two spacious 3-bedroom / 2-bath units and a detached 1-bedroom / 1-bath unit in the rear. One of the 3/2 units is currently rented through Section 8 for $2,991/month, while the second 3/2 unit has just been renovated and is ready for a new tenant. The detached 1/1 unit is leased for $1,791/month. At full occupancy, the property has potential gross rents of approximately $7,800 per month, offering an approximate 8.33% cap rate at the current asking price. Built with durability and efficiency in mind, the property features impact-resistant windows and doors, modern tile flooring, open kitchens, and in-unit laundry areas. Each unit is individually metered for water and electricity, helping reduce owner expenses and simplify management. Additional highlights include LED energy-efficient lighting, secure keyed mailboxes, and a driveway with approximately 4 parking spaces in front and 4 additional in the back. With no HOA and relatively low maintenance due to its newer construction, this asset offers strong income potential for investors seeking a stable multifamily property in Miami-Dade County.