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1838 NW 1st Street, Miami, FL 33125 (MLS# A10859870)

1838 NW 1st Street, Miami, FL 33125

$450,000
Property Type: Residential Income Square Footage: 1,519 Status: Closed
Current Price: $450,000 List Date: 5/15/2020 Last Modified: 8/11/2026

Overview

Description

5 Units - 7.5% NET cap rate based on projected taxes after acquisition. Property passed the 40 yrs certification. Most of the tenants have been there for many years. Total of 5 units with 3 meters. The 5th unit rents for $632 a month. Most of the units rented below market value. Right next to the Marlins Stadium. Perfect property for an investor that wants a good area with a GREAT ROI. GOI: $63,984-You can buy it with other property in Little Haiti as a Package, and get a better Acquisition Price. (ask for more information, presentation available). OWNER MOTIVATED!!!!!

Listing Details MLS# A10859870

General Property Information

Number Of Units Total
Yes
Property Sub Type
Quadruplex
Building Area Main
1519
Living Area Main
1519
Adjusted Area Main
2404
Year Built
1920
Parking Total
Yes
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Other Available Information; Rent Rolls Exterior Features: Other Fencing: Fenced Flooring: Tile Structure Type: Multi Family Construction Materials: Block Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Laundry Features: Outside Listing Terms: Cash; Conventional; Other Possession: Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only Unit 1 Appliances: Range; Refrigerator; Washer; Other Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: On Street Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
510000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
1838
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Street
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33125
Postal Code +4
5482
Postal Zip
33125
Subdivision Name
EVANSTON HEIGHTS
Area
2410
Special Assessment YN
No
Parcel Number
0141030130070
Subdivision Number
13
Zoning
3900
Flood Zone
X

Financial Information

Tax Annual Amount
6515
Tax Year
2018
Tax Legal Description
EVANSTON HEIGHTS PB 1-56 N100FT LOT 5 BLK 1 LOT SIZE 5000 SQUARE FEET OR 17698-3565 0797 1

Status Change Information

Major Change Timestamp
2020-06-26T00:25:57Z
Major Change Type
Status Change
Status Change Date
2020-06-26
Under Contract Date
2020-06-09
Close Date
2020-06-25
Close Price
450000
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
Yes

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Gross Income
57744
Net Operating Income
40090
Total Expenses
17654

Unit 1 Details

Actual Rent
4700
Baths Full
5
Baths Half
Yes
Efficiency YN
No

Unit 1 Lease Description

Lease Term
Month To Month

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33154

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
296.25

Section Details

Parcel Number MLX
0070

Originating Details

Originating System Key
346100681
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Exterior Features

Other
Yes

Flooring

Tile
Yes

Documents Available

Other Available Information
Yes
Rent Rolls
Yes

Fencing

Fenced
Yes

Structure Type

Multi Family
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Separate Meters
Yes
Window/Wall
Yes

Construction Materials

Block
Yes

Laundry Features

Outside
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Other
Yes

Roof

Shingle
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes

Tax Information

Tax Reflects No Exemptions
Yes

Contingencies

None
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes
Washer
Yes
Other
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

On Street
Yes
IDX
Listing Office: First Pro International Rlty
Last Updated: August - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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