1620 Southwest 40th Avenue

Miami, FL 33134

$2,300,000
Price
Beds
3,334 Sq. Ft.
$690 / Sq. Ft.
3,334
Sq. Ft.
$690
per Sq. Ft.

Description

Exceptional investment opportunity in the highly sought-after Little Gables neighborhood, just minutes from downtown Gables. This stable and reliable four-plex sits on a 7,500 sq ft corner lot and features four 2-bedroom, 1-bath units, each with a 1-year lease at $2,500/month. The property boasts separate electric meters and three split AC units per unit. Residents have access to owned washers and dryers within their individual units. Recent updates include brand-new floors, appliances, bathrooms,...Exceptional investment opportunity in the highly sought-after Little Gables neighborhood, just minutes from downtown Gables. This stable and reliable four-plex sits on a 7,500 sq ft corner lot and features four 2-bedroom, 1-bath units, each with a 1-year lease at $2,500/month. The property boasts separate electric meters and three split AC units per unit. Residents have access to owned washers and dryers within their individual units. Recent updates include brand-new floors, appliances, bathrooms, impact windows and doors throughout, and more—tenting in June 2021 and 40-year recertification in 2022. The electrical system was upgraded to circuit breakers in 2016, and the roof was resealed in 2014. Please check broker remarks for more information.
  1. Listed by Orelvys Sanabria • Coldwell Banker Realty
  2. Listed by Annaby Pozo • Coldwell Banker Realty

Property Details for 1620 Southwest 40th Avenue

Subdivision
ANDERSON PARK
Style
Fourplex
Waterfront
No
Area
41
Auction
No
Num Stories
2
Sq Ft Total
3334
Sq Ft Liv Area
3334.0
LISTING UPDATED: 09/14/2024 12:04 PM

Property Details for 1620 Southwest 40th Avenue

StatusActive
MLS #A11645459
Days on Market82
Taxes$12,640 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income
Year Built1959
Lot Size-
CountyMiami-Dade County

Building

1620 SW 40th Ave

2 StoriesBuilt in 1959

Building Information for 1620 Southwest 40th Avenue

Stories2Residences-Year Built1959Building Size-Lot Size-

Property Information for 1620 Southwest 40th Avenue

Location Information
Location Information
  • Parcel Number Free Text: 30-41-08-032-0100
  • Parcel Number MLX: 0100
  • MLS Area: 41
  • Municipal Code: 30
  • Township Range: 41
  • Section: 8
  • Subdivision Number: 32
  • Subdivision Complex Bldg: ANDERSON PARK
  • Unit Count: 4
  • Zoning Information: 3100
General Information
Parking
  • Num Parking Spaces: 4
General Information
  • Property Type Information: Attached, Stairs
  • Lot Description: Less Than 1/4 Acre Lot, Regular Lot
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Water Description: Municipal Water
  • Sewer Description: Septic Tank
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Trash Removal, Water
  • Exterior Features: High Impact Doors, Skylights
  • Storm Protection: Complete Impact Glass
Financial Information
Financial Information
  • Assumable: No
  • Total Mortgage: $647,200
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects County Only Tax
  • Special Information: As Is
  • Information Available: Copy Of Lease(S)

Property History for 1620 Southwest 40th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1620 Southwest 40th Avenue

Taxable ValueLand$487,500Additions$198,544Total$686,044
Tax Record2023$12,640 ($1,053 / month)
Home Facts
Total Finished SqFt3,334 SqFtAbove Grade Finished SqFt3,334 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1970Zoning3100:MULTI-FACountyMIAMI-DADEAPN30-4108-032-0100

Schools near 1620 Southwest 40th Avenue

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Coral Gables Preparatory Academy
PublicPK to 8

Ponce De Leon Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1620 Southwest 40th Avenue is a multi-family home for sale in Miami, FL 33134. This property was listed for sale on September 3, 2024 by Coldwell Banker Realty, it's currently listed at $2,300,000. It has been on the market for a total of 82 days and was last sold on May 9, 2022. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Air Base K-8 Center for International Education, Coral Gables Preparatory Academy and Ponce De Leon Middle School. 1620 Southwest 40th Avenue is a 0-bed, 0-bath, 3,334 sqft multi-family home built in 1959.

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Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.