Address not disclosed, Miami, FL 33127
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Address not disclosed, Miami, FL 33127
Address not disclosed, Miami, FL 33127
Address not disclosed, Miami, FL 33127
Address not disclosed, Miami, FL 33127
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,350,000
Est. payment /mo
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Active

Address not disclosed Miami, FL 33127

6,534 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Real Estate Sales Force
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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