2540 NW 90th St - Apartments FOR SALE


Miami, FL 33147- West Little River
$1,200,000 USD
305-522-6005
2540 NW 90th St, Miami, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/18
null | 8.22% Cap Rate

2540 NW 90th St
Miami, FL 33147
West Little River


OVERVIEW

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. Zoned 6051 UC EDGE - MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity. Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

7

PRICE/UNIT

$171,429

CAP RATE

8.22%

% LEASED

29%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

90th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,499 SF

ZONING

: NCUAD – UC EDGE

APN/PARCEL ID

30-3103-000-0151

ASK ABOUT THIS PROPERTY

Roel van de VenVDV Property Solutions CorpMore Info
305-522-6005

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Roel van de VenVDV Property Solutions CorpMore Info
305-522-6005

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