
$1,350,000
Commercial for Sale, Miami, Florida 33127
- MLS#A12077917
Listed By Real Estate Sales Force
The Commercial Property for Sale located at Miami, Florida 33127 is currently for sale.
Description
5-unit multifamily investment in Miami's Allapattah neighborhood offering in-place income, immediate lease-up upside, and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters, and one vacant unit. Historical T-12: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent lot is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95, and MIA. Redevelopment potential is subject to independent verification and City approvals.
Location
Miami, Florida 33127
Property features
Lot/Land
- Land/Lot size:
607 m² (6,534 ft²)
Construction
- Year built: 1937
Parking/Garage
- Parking description: Assigned
Interior Features
- Floors: Tile
Security
- Features: Smoke Detector
Heating and Cooling
- Cooling System: Wall Or Window Units
Utilities
- Other utilities: Public