Rent report generated Nov 27, 2024
The Rent Potential of
1620 SW 40th Ave Miami, FL
is $9,400 – $11,708/mo.
Rent Advice
The multi-family property at 1620 SW 40th Ave in Miami's Anderson Park neighborhood offers four 2-bedroom units, each rented at $2,500/month, totaling $10K monthly or $120K annually. With recent upgrades, including new floors, appliances, and impact windows, it stands out. The property is well-positioned in a hot market area, promising a competitive edge. Challenges include its higher price point in a dynamically priced neighborhood, but the central location offsets this.
To optimize rental potential, consider landscape enhancements or energy-efficient upgrades to appeal to eco-conscious renters. If selling, emphasize the property's strong rental history and recent upgrades in marketing to attract investor interest. Highlight its strategic location near downtown Gables and potential for future rent increases. Address any minor cosmetic improvements to maximize appeal and valuation.
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