641 NW 2nd St
$1,999,999
641 NW 2nd St, Miami, FL 33128
4,688 sqft
Building Size
6
Units
Details:
Highlights:
- Number Of Buildings: 1
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Construction Materials: CBS Construction
- Parking Features: Additional Spaces Available, Assigned
- Security Features: Smoke Alarm, Smoke Detector(s), Security Fence
Description:
Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning.
The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency.
Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside.
T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential.
Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand.
A flexible investment that delivers income today and scales for the future.
Location
Gallery
