1958 NE 172nd St, North Miami Beach, FL 33162
Local realty services provided by:CENTURY 21 World Connection
Listed by: david egozi
Office: jdm realty group, inc
MLS#:A11856839
Source:SEFMLS
Price summary
- Price:$1,079,000
- Price per sq. ft.:$503.73
About this home
This fully renovated 4-unit multifamily property in North Miami Beach—just minutes from Aventura Mall and Greynolds Park—offers a prime turnkey investment with strong, stable cash flow. Featuring three 1-bedroom units and one 2-bedroom unit, all leased long-term at $1,650–$2,350 per month, the property generates over $88,140 in gross scheduled income annually, with additional upside potential through Section 8 (1/1 rents up to ~$1,950). Upgrades include new kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows. With high rental demand, limited local inventory, and comparable sales supporting long-term appreciation, this is a rare opportunity to acquire a stabilized, cash-flowing asset in a rapidly tightening market.
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Home facts
- Year built:1958
- Listing ID #:A11856839
- Updated:December 14, 2025 at 10:50 AM
Rooms and interior
- Living area:2,142 sq. ft.
Heating and cooling
- Cooling:Wall/Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1958
- Building area:2,142 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,079,000
- Price per sq. ft.:$503.73
- Tax amount:$12,022 (2024)
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