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$1,350,000
Est. payment /mo
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID A12077917
HOA Y/N No
Year Built 1937
Annual Tax Amount $12,053
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
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: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent lot 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 is subject to independent verification and City approvals.
Location
State FL
County Miami-dade
Area 31
Zoning 3900
Interior
Cooling Wall/Window Unit(s)
Flooring Other, Tile
Window Features Impact Glass
Exterior
Roof Type Other
Total Parking Spaces 10
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Other
Others
Tax ID 01-31-26-029-0200
Security Features Security Gate,Other,Smoke Detector(s)
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12077917
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Listed by Real Estate Sales Force
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