840 NW 4th St

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840 NW 4th St

Miami, FL 33128
Asking Price
$2.60M
Asset Type
Multifamily
Class
Class B

What's Special

840 NW 4th St is located in the Overtown neighborhood of Miami, situated just west of the city’s central business district. The property is positioned near major landmarks including Brightline’s MiamiCentral Station, the Kaseya Center, and the Miami River district. The surrounding area is characterized by ongoing urban revitalization and a mix of historic residential structures and new mid-rise developments. Residents have direct access to Interstate 95 and the Dolphin Expressway, providing connectivity to Greater Miami, while local Metrorail and Metromover stations offer public transit options to nearby Brickell and Wynwood. The asset is suited for workforce housing or market-rate residential leasing, catering to a diverse urban tenant profile. Typical occupants include professionals working in downtown Miami’s financial and legal sectors, as well as service industry employees seeking proximity to the city core. Given the location’s high walkability score and transit density, the property is an ideal use case for long-term rental units or small-scale multifamily redevelopment. The site serves a demographic prioritizing commute efficiency and access to urban employment hubs within South Florida’s most densely populated regional center.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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