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1864 NW 28th St
Miami, FL 33142
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fenced Lot
- Impact Glass Throughout
- Updated Units - Kitchen, Bathrooms, Interiors
Executive Summary
Turnkey 5-unit multifamily in fast-growing Allapattah area. Property sits on a gated 9,975 SF lot with on-site parking and upgraded interiors. (3) 1BD + (2) 2BD units. Recent renovations include new kitchens, new bathrooms, impact windows, and updated interiors. Features separate electric meters, low operating expenses, and on-site laundry. Strong Section 8 rental potential and upside in rents. Zoning (T4-R) allows for value-add or redevelopment potential. Ideal for buy-and-hold investors, 1031 exchange buyers, or cash-flow seeking operators seeking a Miami multifamily asset. Located minutes to Wynwood, Midtown, Health District, and major highways. Great income-producing opportunity with long-term appreciation in Miami’s urban core.
Call listing agent or co-listing agent, for more details.
Co-Listing Agent: Brandon Sors - (305) 904 0974
Call listing agent or co-listing agent, for more details.
Co-Listing Agent: Brandon Sors - (305) 904 0974
Property Facts
| Price Per Unit | $380,943 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6% | Building Size | 3,200 SF |
| Sale Condition | Distress Sale | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment | Parking Ratio | 2.19/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | M-39 - Multiple Family | ||
| Price Per Unit | $380,943 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Distress Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M-39 - Multiple Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Freezer
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,517 CAD | 650 |
| 2+1 | 2 | $3,061 CAD | 700 |
Property Taxes
| Parcel Number | 01-3127-038-0020 | Improvements Assessment | $388,937 CAD |
| Land Assessment | $678,554 CAD | Total Assessment | $1,067,492 CAD |
Property Taxes
Parcel Number
01-3127-038-0020
Land Assessment
$678,554 CAD
Improvements Assessment
$388,937 CAD
Total Assessment
$1,067,492 CAD
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