a 12-unit multifamily property located in the Overtown neighborhood of Miami, Florida. The property consists of eleven two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit across approximately 6,234 square feet of rentable area on a 7,500 SF lot zoned T6-8-O, permitting up to 8 stories of development. The property is currently 83.3% occupied with in-place rents averaging $1,600 per month. The property's T6-8-O zoning supports future redevelopment at up to 8 stories, providing optionality for long-term investors seeking density in Miami's urban core. The generous lot size of 7,500 square feet on a corner parcel further enhances the redevelopment potential of this site.
Miami-Dade County
37
6234
MIAMI NORTH
Stairs
Central Air
Vinyl
Central
Attached
Concrete Block Construction
Negotiable
Public Sewer
0
No
No
Flat Tile
No
Residential Income
Quadruplex
2025
1960
$23151
NA
NA
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