Description of this home

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 for this home

Flooring

Other, Tile

Cooling

Wall/Window Unit(s)

Parking Features

Assigned

Pool Private

No

Year Built Details

Resale

Building Information for this home

Building Area Total

0

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Security Features

Other Fire Protection, Smoke Detector(s), Security Gate

Property Information for this home

Lot Size Square Feet

6,534

Waterfront

No

View

No

Construction Materials

Other

Roof

Other

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for this home

Parcel Number

01-31-26-029-0200

Tax Annual Amount

$12,053

Tax Legal Description

26 53 41 EDEN PARK PB 7-29 LOT 22 LESS S5FT TO CITY LOT SIZE 6650 SQUARE FEET OR 16240-4682 0294 1 COC 25209-1975 12 2006 1

Zoning

3900

County Or Parish

Miami-Dade County

Location