Multifamily Property – Strong Income Potential in Miami, FL – Zoned T5-L for Redevelopment

Category: Multifamily

Price:$1,695,000

Location: Miami, FL

Year Built: 1930

Days on Market: 92

Description:

Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,400. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami’s most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami’s most sought-after opportunity zones.

Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential.

Listing Code: 1120056805