Incredible investment opportunity! The property was completely renovated 3 years ago with new plumbing, new electric, new windows, new floors, new kitchen and new a/c units. Currently has five residential units: Main house is a 4/2 and a 1/1 and the detached property has a 2/1 and two 1/1s .Located very close to the Miami River walk, Downtown, Brickell, Calle 8, Brightline station, MDC campus, restaurants, museums and the Marlins stadium . Very active neighborhood. The property boasts an elegant exterior and laundry facilities. Rent roll and financials available . Zoning multifamily. Rented 10 % below market value. Non conforming property ; Buyers must do their own due diligence with the city.
Opportunity is here in the hottest development zone in Miami. Next to Miami River, Corner lot, T4-R zoning. Existing dwelling is under violations and accruing fines that will need be mitigated with the city. Property will have to brought into compliance or demo. Amazing Development Opportunity.
Welcome to a unique value-add opportunity nestled in the heart of the historic and fast-paced Overtown neighborhood. This mixed-use multifamily property boasts two buildings: a six-unit residential complex and an accompanying grocery store with additional units, offering a blend of convenience, history, and urban charm.
THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.
The median home value in Miami, FL is $350,100. This is higher than the county median home value of $305,200. The national median home value is $219,700. The average price of homes sold in Miami, FL is $350,100. Approximately 25.34% of Miami homes are owned, compared to 58.44% rented, while 16.22% are vacant. Miami real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Miami real estate agent to arrange a tour today!
Miami, Florida 33136 has a population of 443,007. Miami 33136 is less family-centric than the surrounding county with 26.23% of the households containing married families with children. The county average for households married with children is 28.46%.
The median household income in Miami, Florida 33136 is $33,999. The median household income for the surrounding county is $46,338 compared to the national median of $57,652. The median age of people living in Miami 33136 is 40 years.
The average high temperature in July is 88.6 degrees, with an average low temperature in January of 61.1 degrees. The average rainfall is approximately 61 inches per year, with 0 inches of snow per year.