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About This Property
Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. This 1-acre property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only.
Property Features
County
Miami-Dade County
Section
27
Area
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
1
Water
Municipal Water
Sewer
Public Sanitation
Lot Size in Sq. Ft.
43644
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Electricity Connected, Other Utilities Available, Electricity Available, Irrigation Water, Sewer Available, Trash Removal, Water Available
Property Type
Commercial Land
Pets
Property SubType 2
Income/MultiFamily
Tax Year
2026
Year Built
Tax Amount
$38962
APN
NA
Square Feet Source
NA
Map
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