Johnson's Homes
Listed by Johnson's Homes
$799,000
RAILWAY SHOPS ADDN 2ND AM
Details
APN 01-31-24-013-4390
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,720
Units 3
Year Built 1924
Stories 2
Zoning 5700
Parking Spaces 5 spaces
Parking Per SqFt 2.91
Multifamily | 3 Units
Marketing description
This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of:
• Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month
• Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month
• Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent
Current Monthly Income: $4,450 (with upside potential once vacant unit is rented)
Pro Forma Income: $6,200+ per month when fully leased at market rates
The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.
Listing Contacts
Johnson's Homes
Listed by Johnson's Homes
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