Assets Detail

A 2024-built fourplex in North Miami-Dade, 100% leased to Section 8 tenants and producing $180,888 a year in steady, government-backed rent. Four large 4-bed / 3-bath units totaling 6,756 square feet on a 16,489-square-foot corner lot, built with concrete block, still under builder warranty, and separately metered so tenants pay their own utilities.

Priced at $2,190,000 ($547,500 per unit) for a 7.13% cap today. One simple moves take it to an 7.49% cap: raise two units to the Section 8 rents the other two already earn.

Minutes from I-95, the Florida Turnpike, Aventura, and Hard Rock Stadium, in a market with a voucher waitlist of more than 50,000 households.

Built 2024: four 4-bed / 3-bath units

100% leased to Section 8; rent paid directly by the housing authority

$180,888 actual yearly rent; 7.13% cap in place

Upside to an 7.49% cap: raise two rents

6,756 SF building on a 16,489 SF corner lot

Concrete-block, hurricane-resistant; builder warranty in place

Separately metered; tenants pay their own utilities

Strong voucher demand; 50,000+ household waitlist nearby