About this Property
RARE MULTIFAMILY OPPORTUNITY WITH A SENIOR ASSISTED LIVING FACILITY AND EXCEPTIONAL INCOME POTENTIAL! This is not your typical Miami fourplex. Featuring a total of 8 bedrooms and 4 bathrooms, this property offers multiple income streams and a unique setup with the potential to generate significantly more revenue than a traditional fourplex. The first floor was converted into a Senior Assisted Living Facility and is approved to operate for up to 6 residents, per seller. It is equipped with a full fire alarm system, smoke detectors, four fire extinguishers, tile flooring, an updated kitchen, and a 2024 A/C system. Depending on how the assisted living operation is structured, the first floor alone may have the potential to generate approximately $6,000–$20,000 per month, whether operated directly or leased to an assisted living operator, creating the possibility for substantially higher revenue than using the space strictly as traditional residential units. Adding even more value and stability are the two upstairs units, which may provide steady rental income and are estimated to rent for approximately $1,800–$2,000 per month each, subject to market conditions. An exceptional opportunity for an experienced assisted living operator looking to combine business income with additional rental income, or for an investor searching for a multifamily property with a unique value-add component. The property also features a good-sized backyard.
Disclaimer
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Lifestyle International Realty.
