490 NE 62nd St - For Sale - Value Add Multifamily / Future Development Site
$1,375,000
490 NE 62nd Street, Miami, FL 33138
For Sale
Multifamily
Active
Last Updated: 01/20/2025
3,050 sqft
Building Size
7,700 sqft
Lot Area
Details:
Building Size: 3,050 sqft
Lot Area: 7,700 sqft
Occupancy: 100%
Units: 6
Zoning: T4-R
Highlights:
- 6 units multifamily
- 100% occupancy
- Value add potential
- Redevelopment into 4-6 luxury townhomes
- Potential assemblage opportunity
- Minutes away from the Miami Design District, home to high-end shopping, fine dining, art galleries, and luxury brands
- Quick access to I-95 and Biscayne Boulevard allows for easy commuting to Miami’s Urban Core
- 15-20 minute drive to Miami Beach, providing quick access to some of the most popular beaches in the world
- Palm Grove has been rapidly transforming with new developments and upscale/luxury residential projects
Description:
Chariff Realty Group proudly presents an exceptional investment opportunity within Miami’s thriving real estate market. This 6-unit multifamily property not only provides a steady income stream but also holds significant development potential for savvy investors.
490 NE 62 St is perfect for investors or developers looking to blend rental income with long-term growth through strategic redevelopment. This property’s prime & high-demand location and versatile potential make it a rare and valuable addition to any real estate portfolio.
Documents:
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| 490_NE_62nd_St_OM.pdf |
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Location
Gallery
