Multifamily – 6,800 SF in Miami, FL – Stabilizing 5-Unit Property in Allapattah

Category: Multifamily

Price:$1,390,000

Location: Miami, FL

Year Built: 1937

Days on Market: 55

Description:

Stabilizing 5-unit multifamily property in the rapidly evolving Allapattah submarket, just minutes from Wynwood, Midtown, and the Miami Health District. This asset offers immediate income with additional upside through lease-up and future rent growth. Recent capital improvements include impact windows, updated electrical systems with a new panel and meter, plumbing upgrades, a new water heater, a newer roof with waterproofing, and structural enhancements. Situated on a 6,800 SF lot, the property also offers long-term redevelopment potential in one of Miami’s fastest-growing urban corridors.

Stabilizing 5 unit multifamily property in the rapidly evolving Allapattah submarket, minutes from Wynwood, Midtown, and the Miami Health District.

Listing Code: 1155512318