Listed by BZG International, LLC
$1,695,000
NORTHERN BLVD TRACK
Details
APN 01-31-25-024-1930
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,522
Units 5
Cap Rate 5.00%
NOI $88,920
Year Built 1930
Buildings 2
Stories 2
Lot Size (SqFt) 6,350
Zoning 6107
Located in the heart of Wynwood Norte.
Marketing description
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,400. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami’s most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami’s most sought-after neighborhoods.
Listing Contacts
Listed by BZG International, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,920.00
$7,410.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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