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.