605 NW 34th Ave, Miami, FL, 33125
605 NW 34th Ave, Miami, FL, 33125 - Image 2605 NW 34th Ave, Miami, FL, 33125 - Image 3605 NW 34th Ave, Miami, FL, 33125 - Image 4605 NW 34th Ave, Miami, FL, 33125 - Image 5

605 NW 34th Ave, Miami, FL, 33125

6 bedrooms · 5 baths · 5,334 sq.ft.

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

Information

Property typeMulti Family
Size5,334 sq.ft.
Year built1963
Stories2
Price per sq.ft.USD 319
Last sold2019-07-31
Last sold priceUSD 624,500
CountyMiami-Dade
ZIP code33125
LocationMiami, United States

USD 1,700,000

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Where it's located

Miami, United States

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