Multifamily Investment – 6 Units in Miami, FL – T5-L Zoning for AirBnB
Commercial Sale
Category: Multifamily
Price:$2,800,000
Location: Miami, FL
Year Built: 1952
Days on Market: 93
Description:
Sitting in the historical area of Overtown, you will find this treasure of a multifamily investment with 6 units. The property is T5-L zoning allowing for AirBnB licensure and short-term rental. There are 2x 1/1, and 4x 2/1 with open rooms that can easily be closed off. Each unit is equipped with individual water/electric meters, reducing operating expenses. There is definitely potential to adjust rent to market rate. The property is less than 10 minutes away from vibrant Downtown Miami, and the artistic Wynwood area. The area is seeing major redevelopment with the ongoing "Signature Bridge" and "Underdeck" project already underway, bringing more activity to the popular area making this a crucial investment to capitalize on.
Multifamily investment in Overtown: 6 units, T5-L zoning for AirBnB, individual meters, near Downtown Miami & Wynwood. Major redevelopment underway.
Listing Code: 1075499991