4245 NW 24th Ave

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4245 NW 24th Ave

Miami, FL 33142
Asking Price
$659K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Miami
  • Total building footprint contains 2 residential rental units
  • Asking price for the property is set at $659,000
  • Asset situated within the 33142 zip code of Florida
  • Property is located at 4245 NW 24th Ave

What's Special

Priced at $659,000, this multifamily apartment building located at 4245 NW 24th Ave in Miami, FL, presents a distinct acquisition in a core South Florida market. The asset consists of 2 units, offering potential for investors looking to expand their residential holdings within the 33142 zip code. Miami remains a highly active real estate market characterized by significant population density, a robust tourism sector, and a steady demand for rental housing across diverse neighborhoods. This property type serves as an efficient investment for those seeking a manageable residential asset in a high-demand urban environment. With proximity to major transit arteries and the economic engines of Miami, this asset is well-positioned for long-term hold strategies or repositioning efforts. The stability of the local rental market continues to attract private capital seeking to capitalize on the ongoing growth and infrastructure development throughout the Miami metropolitan region.

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NOI
$80,000
Cap Rate
12.14%
DSCR
2.04
Strong
Cash-on-Cash
20.68%
Monthly Payment
$3,260.372
Annual Cash Flow
$40,875.531

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