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. Located minutes from Wynwood, Downtown Miami, the Health District, and Miami International Airport, the property benefits from robust workforce housing demand and sustained redevelopment momentum throughout the neighborhood. Infrastructure advancements and new development activity in Allapattah further enhance the area’s growth trajectory. The property is currently 80% leased, offering immediate cash flow with a value-add upside through lease-up of the vacant unit and strategic rent repositioning. Proforma cap rates range from 8.3% to 9.2%, reinforcing the asset’s strong return potential.