About 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

Flooring

Other, Tile

Cooling

Wall/Window Unit(s)

Parking Features

Assigned

Building & Association

Stories

2

Stories Total

2

Association

No

Security Features

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

Lot & Construction

Lot Size Square Feet

6,534

Waterfront

No

View

No

Construction Materials

Other

Roof

Other

New Construction

No

Public Records

Parcel Number

01-31-26-029-0200

Tax Annual Amount

$12,053

Zoning

3900

County Or Parish

Miami-Dade County

Location