Log In/Sign Up
Your email has been sent.
548-550 NW 30th St 5 Unit Apartment Building $2,330,337 CAD ($466,067 CAD/Unit) 5.56% Cap Rate Miami, FL 33127
Investment Highlights
- Development Opportunity
- Covered Land Play
- Fully Leased
Executive Summary
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,250. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami’s most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami’s most sought-after opportunity zones.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$185,602
|
$59.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$185,602
|
$59.58
|
| Taxes |
$26,793
|
$8.60
|
| Operating Expenses |
$29,284
|
$9.40
|
| Total Expenses |
$56,077
|
$18.00
|
| Net Operating Income |
$129,525
|
$41.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $185,602 |
| Annual Per SF | $59.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $185,602 |
| Annual Per SF | $59.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,793 |
| Annual Per SF | $8.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,284 |
| Annual Per SF | $9.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,077 |
| Annual Per SF | $18.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $129,525 |
| Annual Per SF | $41.58 |
Property Facts
| Price | $2,330,337 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $466,067 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.56% | Building Size | 3,115 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | T5-L - Multi-Family, Hotel, Office, Restaurant, Retail | ||
| Price | $2,330,337 CAD |
| Price Per Unit | $466,067 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,115 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | T5-L - Multi-Family, Hotel, Office, Restaurant, Retail |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+2 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3125-024-1930 | Total Assessment | $1,523,719 CAD |
| Land Assessment | $1,222,224 CAD | Annual Taxes | $26,793 CAD ($8.60 CAD/SF) |
| Improvements Assessment | $301,495 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
01-3125-024-1930
Land Assessment
$1,222,224 CAD
Improvements Assessment
$301,495 CAD
Total Assessment
$1,523,719 CAD
Annual Taxes
$26,793 CAD ($8.60 CAD/SF)
Tax Year
2025
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
548-550 NW 30th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.