17010 SW 100th Ave, Miami, FL, 33157
17010 SW 100th Ave, Miami, FL, 33157 - Image 217010 SW 100th Ave, Miami, FL, 33157 - Image 317010 SW 100th Ave, Miami, FL, 33157 - Image 417010 SW 100th Ave, Miami, FL, 33157 - Image 5

17010 SW 100th Ave, Miami, FL, 33157

8 bedrooms · 4 baths · 2,664 sq.ft.

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.

Information

Property typeMulti Family
Size2,664 sq.ft.
Year built1957
Stories2
Price per sq.ft.USD 450
Last sold2006-11-22
Last sold priceUSD 340,000
CountyMiami-Dade
ZIP code33157
LocationMiami, United States

USD 1,200,000

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Where it's located

Miami, United States

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