Miami, FL, 33127

About This Property

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.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A12077917

Lot Size

6,534 SF

Year Built

1937

Zoning

3900

Net Operating Income

$91,295

Days on Market

22

Price

$1,350,000