Basic Information

  • MLS # A11790039
  • Type Triplex
  • Status Active
  • Subdivision/Complex West Biscayne
  • Year Built 1949
  • Total Sqft 2,119
  • Date Listed 05/04/2025
  • Days on Market 39
Description

Attention investors! This fully occupied triplex is situated on a 7,500 sq ft. lot and currently generates $4,800/month in rental income, with two units rented at $1,900/month and one at $1,000/month—offering immediate, stable cash flow from day one. The property is livable and fully rented, but would benefit from repairs and aesthetic upgrades, making it a great value-add opportunity. The lot is currently being used to work on multiple vehicles, which could be cleared to improve curb appeal or expand parking. There is one electrical and one water meter, with shared utility costs between tenants. Property is sold as-is. Do not disturb tenants. Drive-by only. Showings available by appointment. Serious inquiries only. Tenant occupied, we need 24 hours in advance to book showings.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Other
  • Parking Description
  • Roof Description Shingle
  • Style Triplex

Interior Features

  • Adjusted Sqft 2,119Sq.Ft
  • Cooling Description Central Air
  • Floor Description Tile
  • Heating Description Central
  • Sqft 2,119 Sq.Ft

Property Features

  • Address 10040 NW 8th Ave
  • Aprox. Lot Size 2,259
  • City Miami
  • Construction Materials Other
  • County Miami- Dade
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional, F H A
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Miami
  • Public Survey Section One
  • Public Survey Township 30
  • Roof Shingle
  • Sewer Description Public Sewer
  • Stories 1
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info West Biscayne
  • Tax Amount $10,320
  • Tax Legal desc W E S T B I S C A Y N E P B7-58 S1/2 L O T1& S1/2 L O T2 B L K6 L O T S I Z E75.000 X100 O R13137-15112861
  • Tax Year 2024
  • Terms Considered Cash, Conventional, F H A
  • Type of Property Triplex
  • Year Built Details Effective Year Built

10040 NW 8th Ave

Miami, FL 33150

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PropertyDeco. tel: 305-297-4999

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