769 NW 10th St - Apartments FOR SALE


Miami, FL 33136- Allapattah
$1,225,000 USD
305-608-6357
769 NW 10th St, Miami, FL for Sale
$1,225,000 USD
Apartments - FOR SALE
1/40
null | 6.5% Cap Rate

769 NW 10th St
Miami, FL 33136
Allapattah


HIGHLIGHTS

  • OUTSTANDING LOCATION NEAR RIVERSIDE
  • AMAZING FUTURE DEVELOPMENT OPPORTUNITY WITTH T6-8 O ZONING

OVERVIEW

Discover an exceptional investment opportunity in the heart of Miami's thriving Riverside neighborhood. This charming multifamily property boasts T6-8-O zoning, offering incredible development potential alongside immediate cash flow. Property can be delivered vacant if desired. Property Highlights: Unit Breakdown: A 3-bedroom single-family home , 3x 2-bedroom units and 1 x 1 bedroom unit. Totaling 10 bedrooms 5 bathrooms. Current Operation: Mix of short term and Long-term tenants, projecting a $10,000 per month / $120,000 annually in gross rental income. Zoning: T6-8-O, allowing for potential redevelopment or assemblage with adjacent properties. Valuation: Property appraised at $1.4M in January 2025. PROPERTY PREVIOUSLY OPERATED AS SHORT TERM RENTAL. NUMBERS REFLECTING 2024 AIRBNB OPERATIONS. Prime Location: Nestled in Miami’s vibrant Riverside neighborhood, this property offers easy access to Wynwood, Brickell, Little Havana, and the Design District, with Miami International Airport and Port of Miami just minutes away. Walking distance to the Health District and close to major highways, it's ideally positioned for both residents and future development. Investment Appeal: This property provides stable and predictable income through its long-term tenant base while offering strong upside potential through zoning and redevelopment opportunities. With Riverside’s ongoing gentrification and its vibrant mix of high-end restaurants, luxury developments, and cultural landmarks, this asset presents a rare opportunity for investors seeking both stability and growth.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$339 USD /SF

# OF UNITS

5

PRICE/UNIT

$245,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3135-027-0100

ASK ABOUT THIS PROPERTY

Thomas BichiKeller Williams Capital RealtyMore Info
305-608-6357

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Thomas BichiKeller Williams Capital RealtyMore Info
305-608-6357

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