Miami, FL 33127
- $1,350,000
- 3,575
- SqFt
- List Price
- $1,350,000
- Days on Market
- 29
- MLS#
- A12077881
- Sq. Ft
- 3,575
- Subtype
- Quadruplex
- County
- Miami-Dade
- Subdivision
- Eden Park
- Year Built
- 1937
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.
Additional Information
- Construction
- Other
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other, Tile
- Heating
- Separate Meters, Wall Furnace
- Roof
- Other
- Taxes
- $12,053
- Utilities
- Cable Available
- Stories
- 2
- Price Per Sqft
- $377
- Elementary School
- Santa Clara
- Middle School
- Georgia Jones-Ayers
- High School
- Miami Jackson
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Listing courtesy of Real Estate Sales Force. Contact:
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Agent: Juliana M Yepes | Email: juliana@resf.com