641 NW 2nd St, Miami, FL 33128
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641 NW 2nd St, Miami, FL 33128
641 NW 2nd St, Miami, FL 33128
641 NW 2nd St, Miami, FL 33128
641 NW 2nd St, Miami, FL 33128
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Alex Mendel

Alex Mendel

+1(561) 827-8449
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641 NW 2nd St Miami, FL 33128

4,688 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,688 sqft

Price per Sqft $426

MLS Listing ID A11989831

HOA Y/N No

Year Built 1972

Annual Tax Amount $26,931

Tax Year 2025

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property Description

Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning.
The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency.
Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside.
T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential.
Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand.
A flexible investment that delivers income today and scales for the future.

Location

State FL

County Miami-dade

Area 41

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Exterior

Roof Type Shingle

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 01-02-00-040-1100

Security Features Fenced,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11989831

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Avenew Realty Corp

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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641 NW 2nd St

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