Multifamily Property – 5 Units in Miami, FL – Opportunity Zone with Upgrades
Commercial Sale
Category: Multifamily
Price:$1,300,000
Location: Miami, FL
Year Built: 1926
Days on Market: 75
Description:
Located in a coveted Opportunity Zone, this 5-unit multifamily property boasts over $100,000 in permitted electrical & plumbing upgrades, ensuring reliable infrastructure. Zoned T-5-R, there's great potential for higher-density mixed-use development, allowing up to 5 stories with retail, office, and residential spaces—unlocking significant value appreciation. Durable concrete block construction, there is a mix of 1, 2, and 3-Bedroom units, each with separate electric meters for tenant convenience. Spacious front & back yards, perfect for making desirable common areas for potential new tenants. Not in a flood zone, this investment offers a strong cap rate, making it a rare find in Miami’s competitive market. Bringing rents up to current market will also dramatically improve your returns!
Located in a coveted Opportunity Zone, this 5-unit multifamily property boasts over $100,000 in permitted electrical and plumbing upgrades.
Listing Code: 1125946491