Listed by Berkshire Hathaway HomeServices Florida Realty
$1,300,000
HIGH SCHOOL PK TRACK
Details
APN 01-31-13-063-0521
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,885
Units 5
NOI $68,643
Year Built 1926
Buildings 1
Lot Size (SqFt) 6,500
Zoning 4600
Multifamily | 5 Units
Marketing description
Located in a coveted Opportunity Zone, this 5-UNIT multifamily property boasts over $100,000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami’s competitive market. Bringing rents up to current market will also dramatically improve your returns!
Listing Contacts
Listed by Berkshire Hathaway HomeServices Florida Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,643.00
$5,720.25/mo
Valuation Metrics
0
DSCR
5.28%
Cap Rate
5.28%
ROI
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