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.
JDM Realty Group, Inc
Features & Details
Learn about the features and details of 1958 NE 172nd St
Property Details
Property Type
Quadruplex
Living Area
2,142 sqft
Year Built
1958
Lot Size
-
Stories
-
Annual Tax
$12,022.00
List Date
8/19/2025
Updated
8/19/2025
Last Checked
Recent
MLS Number
#A11856839
Brokerage
JDM Realty Group, Inc
Postal Code
33162
Area
Miami-Dade
City
North Miami Beach
Additional Property Features
Occupancy
Tenant
List Price
$1,100,000.00
Unit Number
-
Construction
Block
Heating
WallFurnace
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
Wall Window Units
Elevator
No
Locker
No
Swimming Pool
None
Patio
No
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2024
Assignment
No
Extras Included
None
Inside
Bedrooms & Baths
0 Bed, 0 Bath
Ensuite
Yes
Bathrooms
0
Flooring
Mixed
Show More Features
Price history
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 1958 NE 172nd St
$0
20.0%
$1,100,000
1%
5.25%
10%
25 Years
Monthly
Estimated Monthly Payment
$5,273
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Cash Flow Analysis
Mortgage Payment:
$5,273.38
Monthly Payment:
$6,275.21
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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Discover this exceptional quadruplex in the heart of North Miami Beach. This well-appointed property offers 2,142 square feet of living space. Originally built in 1958. Offered at $1,100,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.