Property Description
5-unit multifamily investment in Miami’s Allapattah neighborhood offering in-place income, immediate lease-up upside and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters and one vacant unit. Historical T-12: $108,822 gross income and $91,295 NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent 765 NW 35th St is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95 and MIA. Redevelopment potential subject to independent verification and City approvals.
Features
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof
- Sewer
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33127
- Longitude:
- W81° 47' 44.7''
- Latitude:
- N25° 48' 37.9''
MLS Addon
- Building Area:
- 3,575 Sqft
- Construction Materials
- Cumulative DOM:
- 156
- DOM:
- 22
- Flooring
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 01-31-26-029-0200
- Subdivision Name:
- EDEN PARK
- Tax Annual Amount:
- $12,053
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
Miami, Florida 33127
3,575 Sqft
$1,350,000
MLS # #A12077881
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,350,000
- Square Footage :
- 3,575 Sqft
- Year Built :
- 1937
- MLS # :
- A12077881
