767 NW 35th St - Apartments FOR SALE


Miami, FL 33127- Allapattah
$1,390,000 USD
767 NW 35th St, Miami, FL for Sale
$1,390,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

767 NW 35th St
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • Five-unit multifamily property located in the Allapattah neighborhood of Miami, offering a total building size of 3,118 SF on a 0.15-acre lot.
  • Priced at $1,390,000, equating to approximately $278,000 per unit, presenting an attractive investment opportunity in a high-demand rental market.
  • Built in 1998, the two-story building features a low-rise apartment style and is classified as Building Class C.
  • Situated within a designated Opportunity Zone, providing potential tax advantages for qualified investors.
  • Conveniently located near major Miami corridors, with strong walkability (Walk Score of 80) and proximity to Wynwood, Design District, and Downtown Mi
  • On-site parking available with a ratio of 1.6 spaces per 1,000 SF, enhancing tenant convenience.

OVERVIEW

Stabilizing 5-unit multifamily property in the rapidly evolving Allapattah submarket, just minutes from Wynwood, Midtown, and the Miami Health District. This asset offers immediate income with additional upside through lease-up and future rent growth. Recent capital improvements include impact windows, updated electrical systems with a new panel and meter, plumbing upgrades, a new water heater, a newer roof with waterproofing, and structural enhancements. Situated on a 6,800 SF lot, the property also offers long-term redevelopment potential in one of Miami’s fastest-growing urban corridors.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

5

PRICE/UNIT

$278,000

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

2

YEAR BUILT

1998

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

3900

APN/PARCEL ID

01-3126-029-0200

ASK ABOUT THIS PROPERTY

Dinorah GuerraReal Estate Sales ForceMore Info

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Dinorah GuerraReal Estate Sales ForceMore Info

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