5 Locations

Eleventrust is proud to present a rare assemblage opportunity near the vibrant Miami River, offering a unique investment in one of Miami’s most sought-after locations. This assemblage consists of five parcels of land totaling over 45,000 square feet, all zoned T-6-8 under the Miami 21 Zoning Code, making it a prime candidate for future redevelopment.

Property Breakdown:

690 NW 3rd St:

Built in 1971

15,000 square feet of land

16 units with a mix of one-bedroom and two-bedroom configurations

Over 16,000 square feet of living space

On-site parking with gated entry

221 NW 7th Ave:

Built in 1949

Over 8,000 square feet of land

20 studio units

Over 5,000 square feet of living space

On-site parking with gated entry

211 NW 7th Ave:

Corner property built in the 1940s

7,500 square feet of land

4 units

653 NW 2nd St:

Duplex property with an excellent unit mix

7,500 square feet of land

661 NW 2nd St:

Fourplex property

6,000 square feet of land

Over 3,500 square feet of living space

Investment Highlights:

Parking: All properties offer on-site parking, with additional street parking available.

Location: The properties are within walking distance to the Miami River, Downtown Miami, Brickell, and the cultural hub of Calle 8.

Income Potential: Currently generating over $850K in income, with the potential to exceed $1M by adjusting rents to market rates.

Redevelopment Opportunity: This is a perfect covered land play for future redevelopment in a rapidly growing area.

This assemblage presents an incredible opportunity for investors looking to capitalize on the growth and redevelopment potential of Miami’s urban core.