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Miami, FL 33127

$1,350,000
: 3,575
SqFt

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List Price: $1,350,000
MLS#: A12077881
Sq. Ft: 3,575
Subtype: Quadruplex
County: Miami-Dade
Community: Eden Park
Subdivision: Eden Park
Year Built: 1937

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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.

(305) 775-2514

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 4
Construction: Other
Cooling: Wall/Window Unit(s)
Flooring: Other, Tile
Heating: Window/Wall
Lot Description: Less Than 1/4 Acre Lot
Roof: Other
Special Information: Substantially Remodeled
Taxes: $12,053
Total Floors: 2
Stories: 2
Roofing: Other
Price Per Sqft: $377