For Sale

605, Northwest 34th Avenue, Miami, United States

Miami-Dade County, FL 33125

$1,700,000

Highlights

  • 5,334 SF building on a 10,400 SF lot
  • 6 units
  • Asking $319/SF

Property facts

Price
$1,700,000
Price per SF
$319/SF
Property type
Multi-family
Building size
5,334 SF
Lot size
10,400 SF
Units
6

About this property

Rare value-add ”compound” opportunity featuring a unique 6-unit residential portfolio on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and ”great bones,” providing the perfect canvas for an investor to renovate and capture massive rental upside. Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.

From the listing broker.

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Location

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