Miami, FL 33147

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.5 Acres

Financials

Price:$1,400,000
Annual Taxes:$9,136
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of VDV Property Solutions Corp

Value Add Multifamily Opportunity with Significant Upside 2540 NW 90th St Rare opportunity to acquire a 7 unit, 12 bed, 7 Bath multifamily property in Miami Dade with substantial value ...

Description

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. Zoned 6051 UC EDGE - MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity. Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.

Amenities

  • ElectricityAvailable
  • LessThanOneAcre
  • SewerAvailable
  • TrashCollection
  • WaterAvailable

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.