Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. This 1-acre property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside.The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only!
| MLS # | A12042703 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 108 |
| Listing Provided By | Midtown Realty International | Luis Garcia |
| SQ Feet | 13,818 |
|---|---|
| Zoning | 3900 |
| Acreage | 1.00 |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 2310 |
| Listing VS Median (in 33142) | |
Price: $7,000,000 low | high Med: $299,450 sqft: 13,818 low | high Med: 882 $ / sqft: $507 low | high Med: $438 On site: 108 low | high Med: 358.5 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 2310 |
| Listing VS Median (in 33142) | |
Price: $7,000,000 low | high Med: $299,450 sqft: 13,818 low | high Med: 882 $ / sqft: $507 low | high Med: $438 On site: 108 low | high Med: 358.5 | |