Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St
Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units
With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized.
Zoned 6051 UC EDGE – MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity.
Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33147
- Street:
- 2540 Nw 90th St, Miami, Florida 33147
- Longitude:
- W81° 45' 33.3''
- Latitude:
- N25° 51' 21.3''
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- LotSize Dimensions:
- 65x315
- Parcel Number:
- 30-31-03-000-0151
- Tax Annual Amount:
- $9,136
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
2540 Nw 90th St, Miami, Florida 33147, Miami, Florida 33147
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $1,400,000
- Lot Area :
- 20,500 Sqft
- MLS # :
- A12007908
