641 NW 2nd St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$1,999,999 USD
305-916-1194
641 NW 2nd St, Miami, FL for Sale
$1,999,999 USD
Apartments - FOR SALE
1/17
null | 6.31% Cap Rate

641 NW 2nd St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • 7,500 SF lot with T6-8-O zoning allowing up to 8 stories
  • New roof, updated electrical and plumbing
  • 40-year recertification completed
  • Assigned parking for each unit
  • On-site laundry for additional tenant convenience
  • Strong rental demand in rapidly growing Little River area

OVERVIEW

Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily consisting of all 2/1 units on a 7,500 SF lot with T6-8-O zoning. Property features new roof, updated electrical and plumbing, and completed 40-year recertification. Currently generating approximately $138K annually with one vacant unit, allowing immediate lease-up at market rent. Stabilized income projected at ~$168K. Zoning allows for high-density mixed-use development up to 8 stories. Ideal covered land play with income in place.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$429 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,333

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

T6-8-O

APN/PARCEL ID

01-0200-040-1100

ASK ABOUT THIS PROPERTY

Ander EgurrolaAvenew Realty CorpMore Info
305-916-1194

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

Ander EgurrolaAvenew Realty CorpMore Info
305-916-1194

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