1910-1930 NW 29th St - Apartments FOR SALE


Miami, FL 33142- Allapattah
$5,950,000 USD
305-697-7011
1910-1930 NW 29th St, Miami, FL for Sale
$5,950,000 USD
Apartments - FOR SALE
1/18
null | 6.22% Cap Rate

1910-1930 NW 29th St
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • Located within a Qualified Opportunity Zone (QOZ) directly adjacent to parks & schools
  • Expansive 1-acre footprint offers immediate scale and flexibility for long-term investors
  • All 40-year recertification(s) completed including brand new roofs on all three (3) structures
  • Fully-stabilized & consistent in-place cash-flow with annual gross and net income in excess of $500K and $370K, with available upside to raise rents
  • Fully-renovated and hassle-free, featuring impact glass, clean modern facades, laundry facilities, new A/C units, and durable upgraded finishes
  • Steady 100% occupancy with waiting list, currently with five (5) Section 8 and (19) market-rate tenancies

OVERVIEW

The Alpha Commercial Advisors is proud to present Allapattah’s most compelling multifamily acquisition opportunity: a fully-renovated, fully-stabilized 24-unit garden-style assemblage spanning a full acre of contiguous land within an opportunity zone. Featuring brand new roofs, impact windows, completed 40-year recertifications, and strong in-place income, this turn-key asset delivers dependable cashflow, streamlined operations, and both short- and long-term development potential—including an active path toward T5-L zoning and future eligibility for Live Local Act density bonuses. Ideal for any investor seeking the trifecta of scale, stability, and upside in one of Miami’s fastest-evolving submarkets. Property Details & Highlights: - Functional garden-style layout - consistent design across all three (3) buildings with a diversified unit mix (2BR, 1BR, studios) and two (2) on-site laundry facilities for added tenant ease. - Abundant on-site parking - 30+ spaces with room to expand. - Semi-private rear gated patios and front open green-space - maximizes livability and contributes to consistent 100% occupancy. - Individually metered units - all units separately metered for electric. - Quality finishes throughout - recessed lighting, impact glass, and modern facade supports long-term durability and curb-appeal. Unit Features & Highlights: - Majority of units feature fully-renovated kitchens & bathrooms (most w/ stainless steel appliances) - Brand new A/C systems in all units w/ mix of central, split, and mini-split - Durable, low-maintenance finishes for long-term hold - Secure, gated patio area for tenant convenience and enjoyment - Additional upside available by upgrading finishes in remaining units (approx. 25%) and raising all units to market rents

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$673 USD /SF

# OF UNITS

24

PRICE/UNIT

$247,917

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1910-1930 NW 29th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

T4-R

APN/PARCEL ID

01-3127-066-0010,01-3127-066-0020,01-3127-066-0030

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.