Property Description

RARE MULTIFAMILY OPPORTUNITY WITH A SENIOR ASSISTED LIVING FACILITY AND EXCEPTIONAL INCOME POTENTIAL! This is not your typical Miami fourplex. Featuring a total of 8 bedrooms and 4 bathrooms, this property offers multiple income streams and a unique setup with the potential to generate significantly more revenue than a traditional fourplex. The first floor was converted into a Senior Assisted Living Facility and is approved to operate for up to 6 residents, per seller. It is equipped with a full fire alarm system, smoke detectors, four fire extinguishers, tile flooring, an updated kitchen, and a 2024 A/C system. Depending on how the assisted living operation is structured, the first floor alone may have the potential to generate approximately $6,000?$20,000 per month, whether operated directly or leased to an assisted living operator, creating the possibility for substantially higher revenue than using the space strictly as traditional residential units. Adding even more value and stability are the two upstairs units, which may provide steady rental income and are estimated to rent for approximately $1,800?$2,000 per month each, subject to market conditions. An exceptional opportunity for an experienced assisted living operator looking to combine business income with additional rental income, or for an investor searching for a multifamily property with a unique value-add component. The property also features a good-sized backyard.

Property Features