Excellent long-term investment opportunity in West Perrine featuring 2020 construction and strong in-place rental income. The property consists of three units: two spacious 3-bedroom / 2-bath units and a detached 1-bedroom / 1-bath unit in the rear.
One of the 3/2 units is currently rented through Section 8 for $2,991/month, while the second 3/2 unit has just been renovated and is ready for a new tenant. The detached 1/1 unit is leased for $1,791/month. At full occupancy, the property has potential gross rents of approximately $7,800 per month, offering an approximate 8.33% cap rate at the current asking price.
Built with durability and efficiency in mind, the property features impact-resistant windows and doors, modern tile flooring, open kitchens, and in-unit laundry areas. Each unit is individually metered for water and electricity, helping reduce owner expenses and simplify management.
Additional highlights include LED energy-efficient lighting, secure keyed mailboxes, and a driveway with approximately 4 parking spaces in front and 4 additional in the back. With no HOA and relatively low maintenance due to its newer construction, this asset offers strong income potential for investors seeking a stable multifamily property in Miami-Dade County.
One of the 3/2 units is currently rented through Section 8 for $2,991/month, while the second 3/2 unit has just been renovated and is ready for a new tenant. The detached 1/1 unit is leased for $1,791/month. At full occupancy, the property has potential gross rents of approximately $7,800 per month, offering an approximate 8.33% cap rate at the current asking price.
Built with durability and efficiency in mind, the property features impact-resistant windows and doors, modern tile flooring, open kitchens, and in-unit laundry areas. Each unit is individually metered for water and electricity, helping reduce owner expenses and simplify management.
Additional highlights include LED energy-efficient lighting, secure keyed mailboxes, and a driveway with approximately 4 parking spaces in front and 4 additional in the back. With no HOA and relatively low maintenance due to its newer construction, this asset offers strong income potential for investors seeking a stable multifamily property in Miami-Dade County.
Property Details
Price:
$825,000
MLS #:
A11980998
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
DIXIE HEIGHTS GARDEN
Neighborhood:
dixieheightsgarden
Listed Date:
Mar 11, 2026
Finished Sq Ft:
4,179
Total Sq Ft:
4,179
Year Built:
2020
Units:
3
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Attached, Detached
Construction Materials
Concrete Block Construction
Parking Spots
8
Roof
Shingle
Financial
Tax Year
2025
Taxes
$12,418
Map
Community
- Address10231 SW 176th St Miami FL
- SubdivisionDIXIE HEIGHTS GARDEN
- CityMiami
- CountyMiami-Dade County
- Zip Code33157
Market Summary
Current real estate data for Multi Family in Miami as of Mar 21, 2026
498
Multi Family Listed
141
Avg DOM
471
Avg $ / SqFt
$1,152,477
Avg List Price
Property Summary
- Located in the DIXIE HEIGHTS GARDEN subdivision, 10231 SW 176th St Miami FL is a Multi Family for sale in Miami, FL, 33157. It is listed for $825,000
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