1236 NW 28th Street
Multifamily | 4 Units | $222,500/unit
Marketing description
1236 NW 28th St — a fully legal fourplex investment opportunity in the heart of Allapattah. The property is currently vacant, and was previously generating $6,000/month, with tenants covering all utilities except water and trash, resulting in low operating expenses and strong cash flow from day one. Located in the rapidly growing Allapattah neighborhood, surrounded by new development and urban revitalization—making it ideal for both strong current cashflow and long-term appreciation. The property also features a large front yard with excellent potential. Just steps from the Metro Rail, offering exceptional access to: Wynwood, Health District, Downtown Miami, I-95, 836 & 112.
Investment highlights
Fully legal fourplex | Zoned T4-R
Prime location - minutes from Wynwood, Health District, Downtown Miami, and I-95, 836 & 112
4 electrical meters
Low operating expenses
High rental demand
Vacant & ready to rent immediately
Insurance: approx. $6,000/year
2024 Taxes: approx. $7,000
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