Listed by Porosoff Group
$2,350,000
MIAMI NORTH
Details
APN 01-31-37-031-0170
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,234
Year Built 1960
Stories 3
Zoning 6100
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.64
Multifamily
Marketing description
a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development.
The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
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Listed by Porosoff Group
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