Miami, FL 33127

$1,350,000
3,575
SqFt
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List Price
$1,350,000
MLS
A12077881
Complex Name
Eden Park
Status
ACTIVE
Type
Multifamily
Living Area
3,575
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305-901-5880 (Office)

Property Description

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: $108,822 gross income and $91,295 NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent 765 NW 35th St 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 subject to independent verification and City approvals.

305-901-5880 (Office)
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Additional Information

Days on Market
67
Style
Quadruplex, Fourplex
Special Information
Substantially Remodeled
#Parking Spaces
10
Year Built
1937
Development Name
Eden Park
#Stories
2
Construction Type
Other
Section
26
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