605 NW 34th Ave, Miami, FL, 33125
1963
Fourplex
5,334 sqft
Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside. Current Gross income $97,045 Current NOI $66,255 Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors. Do not disturb tenants
Status:
Active
Type:
Multi-family
Zoning:
5700
Subdivision:
12TH ST MANORS
Heating:
Central
Cooling:
Central Air
Parking:
7-car
Est. Taxes:
$16,038
Construction
Block
Utilities
Cable Not Available
Lot Description:
< 1/4 Acre
Days on Market:
5
Pool:
None
MLS #:
A11988951
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373