Average square foot calculated using Size range provided by listing agent.
Description
Located in a coveted Opportunity Zone, this 5-UNIT multifamily property boasts over $100, 000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami’s competitive market. Bringing rents up to current market will also dramatically improve your returns!Show Description
MLS® NumberA11873091
Laundry Level
Central VacNo
FireplaceNo
Acreage
ExteriorExterior Lights
GarageNo
Approx. Age1926
Basement
Driveway
Garage Spaces
HeatElectric, Window/Wall
A/CCeiling Fan(s), Electric, Wall/Window Unit(s)
Heating Fuel
Extras
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