About this home
Investment opportunity in Miami Beach's desirable North Beach neighborhood. This four-unit multifamily property is 3,759 square feet under air with a 2 year old roof. The unit mix includes one 3-bedroom, 2-bathroom first floor unit and three 1-bedroom, 1-bathroom apartments on the second floor. Separate electric meters, common coin operated laundry area and established rental income provide a solid foundation for investors. 1 water meter. Conveniently located near Normandy Isle, beaches, shopping, restaurants and public transportation. A great opportunity to own an income-producing property in Miami Beach with strong long-term potential. 3 long term tenants on month to month leases and one annual lease. See attachment for leases.
Listing last checked: Listing updated:
Listed by Rachael A Barach, Brady Thrasher · RE/MAX Preferred · MLS #B26067032
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Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air, Ceiling Fan(s)
- Flooring
- Other, Tile
Building4 property facts
- Style
- Quadruplex
- Year built
- 1939
- Parking
- 8
- Roof
- Other
Land & utilities4 property facts
- Lot size
- 0.15 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- 4800
Financial2 property facts
- Annual taxes
- $16,943
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,299,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,980 / monthAdjust
- Principal & interest
- $6,568
- Property tax
- $1,412
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $16,943. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1170 71ST Street
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