641 NW 2nd St, Miami, FL 33128
sale
$1,999,999
|
Single Family Attached
Courtesy Of Avenew Realty Corp.
Prime Little River investment opportunity offering immediate income, value add potential, and long term redevelopment upside. Six unit multifamily property consisting of all 2 bedroom 1 bathroom units situated on a 7,500 sq ft lot with T6-8-O zoning.
The building has been significantly improved with a new roof, updated electrical and plumbing, and completed 40 year recertification, providing a solid, low risk foundation for any investor. Each unit includes assigned parking and there is on site laundry, enhancing tenant retention and operational efficiency.
For income focused buyers, this is a stable asset with strong rental demand in a rapidly growing area. For value add investors, there is clear potential to increase rents and further optimize the property. For developers, T6-8-O zoning allows for high density mixed use development up to 8 stories, creating a rare opportunity to build vertically in one of Miami s fastest evolving corridors.
Strategically located minutes from Wynwood, Downtown Miami, the Design District, and major highways.
This is not just a property, it is a flexible investment play that works today and scales for the future.
The building has been significantly improved with a new roof, updated electrical and plumbing, and completed 40 year recertification, providing a solid, low risk foundation for any investor. Each unit includes assigned parking and there is on site laundry, enhancing tenant retention and operational efficiency.
For income focused buyers, this is a stable asset with strong rental demand in a rapidly growing area. For value add investors, there is clear potential to increase rents and further optimize the property. For developers, T6-8-O zoning allows for high density mixed use development up to 8 stories, creating a rare opportunity to build vertically in one of Miami s fastest evolving corridors.
Strategically located minutes from Wynwood, Downtown Miami, the Design District, and major highways.
This is not just a property, it is a flexible investment play that works today and scales for the future.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 6
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Floor Covering: Laminate
- Heating System: Wall Furnace
- Legal Description: CITY OF MIAMI SOUTH PB B-41 LOT 14 BLK 4 LOT SIZE 7500 SQUARE FEET OR 17205-2273 0496 1
- MLSID: A11989831
- Roof Type: Shingle
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