Miami, FL 33127

$1,350,000

Total Square Feet

3,575

5-unit multifamily investment in Miamis 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 buyer...

Property Summary

MLS Number: A12077881

Status: Active

Days on Market: 41

Subdivision: EDEN PARK

County: Miami-Dade

Bedrooms: 0

Total Square Feet: 3,575

Price Per Sq. Ft.: $378

Style: Detached

New Construction: No

Waterfront: No

Property Type: Multi Unit - Multiple

Cooling: Wall/Window Unit(s)

Heating: Window/Wall

Roof Type: Other

Stories: 2.0

Year Built: 1937

Taxes: $12,053

Property Details

Crops Included Y/N: No

Days on Site: 41

Flooring: Other, Tile

Home Style: Detached

Home Warranty Y/N: No

Lease Considered Y/N: No

Listing Terms: All Cash, Conventional

Lot: Less Than 1/4 Acre Lot

Parcel#: 01-31-26-029-0200

Property Attached Y/N: No

Property Sub-Type: Quadruplex

Sewer: Public Sewer

Units: 5

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Courtesy of

Agency Name: Real Estate Sales Force
Agent Name: Juliana Yepes LLC
Agency Phone: 305-392-1497

Presented by

Agent Name: Team Ryan
Agent Phone: 954.953.5682
Agency Title: The Keyes Company
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