Miami New Realty
Listed by Miami New Realty
$1,056,000
RAILWAY SHOPS ADDN 2ND AM
Details
APN 01-31-24-013-4700
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,099
NOI $47,315
Year Built 1956
Buildings 1
Zoning 4801
Parking Spaces 5 spaces
Parking Per SqFt 0.82
Multifamily
Marketing description
Multifamily with 5 studio units, fully permitted, all units rented, generating immediate cash flow. Prime location on vibrant 2nd Ave in Buena Vista, just 0.7 mi from Miami Design District and near Wynwood, ensuring strong tenant demand. Studios feature separate FPL meters and CBS construction. 6,099 sq ft lot with T4-O zoning (residential, commercial, entertainment) plus adjacent vacant parcels offer huge development upside. Perfect for short-term rentals (Airbnb/VRBO) with potential to dramatically boost income and ROI. Don’t miss this rare opportunity—schedule your showing today!
Listing Contacts
Miami New Realty
Listed by Miami New Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,315.00
$3,942.92/mo
Valuation Metrics
0
DSCR
4.48%
Cap Rate
4.48%
ROI
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