1915 NW 28th St - Apartments FOR SALE


Miami, FL 33142- Allapattah
$7,000,000 USD
305-815-2053
1915 NW 28th St, Miami, FL for Sale
$7,000,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

1915 NW 28th St
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • Existing apartment community provides immediate rental income.
  • Approximately one-acre infill site in Miami's Allapattah submarket.
  • Located near the Health District, Downtown Miami, and Wynwood.
  • Convenient access to major transportation corridors and Miami International Airport.
  • Opportunity to evaluate renovation, repositioning, or redevelopment strategies.
  • Offered for sale as-is with future value-add potential.

OVERVIEW

Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. The 1-acre, T4-R Miami21 zoned property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only!

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

24

PRICE/UNIT

$291,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

T4R

APN/PARCEL ID

01-3127-066-0040

ASK ABOUT THIS PROPERTY

Albert HernandezMidtown Realty International, Inc.More Info
305-815-2053

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Albert HernandezMidtown Realty International, Inc.More Info
305-815-2053

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