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 SF lot with T6-8-O zoning.
The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency.
Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside.
T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential.
Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand.
A flexible investment that delivers income today and scales for the future.
The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency.
Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside.
T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential.
Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand.
A flexible investment that delivers income 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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