Listing Summary
Major Price Improvement — Now Offered at $800,000 (Down $100,000 from $900,000). Presenting Little River Gardens, a turnkey, fully occupied two-story duplex built in 2024 located at 7815 NW 4th Avenue, Miami, FL 33010. Featuring two expansive 5-bedroom, 3-bathroom units (10 bedrooms and 6 bathrooms total), this high-yield multifamily asset generates $6,565/month ($78,780 annually) in gross rental income. With approx. 2,880 RSF of modern living area on an approx. 7,051 SF lot, separate electric and water meters, and contemporary finishes throughout, this stabilized property supports DSCR financing with approx. 25% down, offering immediate cash flow with minimal near-term maintenance.
Full Description
Reintroduced to the market following a significant $100,000 price reduction, Little River Gardens at 7815 NW 4th Avenue represents a premier acquisition opportunity for cash-flow investors seeking a newly constructed, low-maintenance multifamily asset in South Florida.
Completed in 2024, this impressive two-story duplex spans approx. 2,880 RSF of living space situated on an approx. 7,051 SF lot. The floor plan is thoughtfully configured into two massive residential suites, each featuring 5 bedrooms and 3 full bathrooms, designed to maximize rental demand and density:
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Unit A: Currently leased at $3,500/month
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Unit B: Currently leased at $3,065/month
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Total Gross Scheduled Income: $6,565 monthly / $78,780 annually
Both units are equipped with individual water and electric meters, transferring utility costs directly to tenants and significantly reducing landlord operational expenses. Current rental rates support attractive Debt Service Coverage Ratio (DSCR) financing options with approx. 25% down payment (subject to lender underwriting and appraisal).
Each residence is outfitted with high-end modern finishes, including stainless steel kitchen appliances, solid wood cabinetry, durable granite countertops, contemporary flooring, and access to generous private outdoor yard space. Strategically situated east of I-95, the property offers rapid transit connectivity to Little River, Miami Shores, Biscayne Boulevard, Wynwood, and Downtown Miami.
Quick Glance
- Listing ID:
CL-Florida-28751
- Status:
Active
- Year Build:
2024
- Building Size:
2,880 SqFt
- Lot Size:
7,051.00 SqFt
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