1958 NE 172nd St, North Miami Beach, FL 33162

• 2,142 sqft

Property Description

This fully renovated 4-unit multifamily property in North Miami Beach—just minutes from Aventura Mall and Greynolds Park—offers a prime turnkey investment with strong, stable cash flow. Featuring three 1-bedroom units and one 2-bedroom unit, all leased long-term at $1,650–$2,350 per month, the property generates over $88,140 in gross scheduled income annually, with additional upside potential through Section 8 (1/1 rents up to ~$1,950). Upgrades include new kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows. With high rental demand, limited local inventory, and comparable sales supporting long-term appreciation, this is a rare opportunity to acquire a stabilized, cash-flowing asset in a rapidly tightening market.

Listing Status:

Active

Date Added:

August 19, 2025 at 05:00AM

Listing Office:

JDM Realty Group, Inc : 786-301-1050

Listing Agent:

David Egozi : 786-301-1050

MLS ID:

A11856839

Interior

• Flooring: Vinyl
• A/C: Wall/Window Unit(s)
• Heating: Window/Wall

Exterior

• Style: Detached

Construction

• Roofing: Shingle
• Windows: Clear Impact Glass
• General: Concrete Block Construction1

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 38009 52 42 PB 8-57 FULFORD BY THE SEA SEC B LOTS 12 & 13 BLK 35 LOT SIZE 5750 SQUARE FEET OR 20227-1626 01 2002 1 COC 25800-0477 07 2007 507-22-09-004-2380

Utilities

• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®

This listing courtesy of David Egozi, JDM Realty Group, Inc