5-Unit Allapattah Multifamily | 6.76% T-12 Cap + Redevelopment Potential

Highlights:

• Gross Income: 108822
• Number Of Buildings: 2
• Documents Available: Copy Of Lease(S), Rent Rolls
• Cooling: Wall/Window Unit(s)
• Flooring: Other, Tile
• Construction Materials: Other
• Parking Features: Assigned
• Security Features: Other Fire Protection, Smoke Detector(s), Security Gate

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.

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Listing ID: A12077917