FOR SALE

605 34th Ave

Miami-dade, 12th St Manors, Miami, FL

Asking

$1,700,000

BTC

25.638

ETH

852.82

Home Size
5,334 sq. ft.
Year Built
1963
Value-add "compound" opportunity featuring a unique 6-unit residential property 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 two story 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. Current Gross income $97,045 Current NOI $66,255 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. Do not disturb tenants

LOADING

Location

Market Area
Miami-Dade
Neighborhood
12TH ST MANORS

Agents

Miguel Fuentes

+1 310 910 1722

Mauricio Villasuso

+1 310 910 1722

Contact Email

[email protected]