118 Northwest 24th Street Miami, FL 33127

Building Details

Year Built

1927

Listing agency Miami Residential Group c***@hotmail.com Show Phone

Listed by Cuindney Mantilla · License #3325552 Show Phone

Source Compass

Added: Feb 24 Updated: Jul 23 at 2:01AM Checked: Jul 23 at 2:01AM

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Investment Insights

Based on property information with market context.

This multifamily property for sale features 8 studio units under active leases that are reported to be up-to-date. The building includes a WiFi network for all tenants and central washer and dryer facilities. A roof replacement was installed in 2016.

The property is located at 118 Northwest 24th Street in Miami, Florida. The site is described as a covered land play property with a 7,500 SF lot size and zoning noted as T5-O/NRD-1. The offering includes 8 street parking spaces (City Decal). Reported current income is approximately $12,400 per month, and the owner would receive income while working on development plans. The remarks also note the property is minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami.

Key Highlights

• 8 studio units multifamily property (8/8) currently generating approx. $12,400/month income
• Zoned T5‑O/NRD‑1 with lot size of 7,500 SF
• New roof installed in 2016

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FAQs

What type of property is this?

Apartment building - Eight studio units with central laundry and tenant WiFi, plus eight street parking spaces with City decals.

Where is this apartment building located?

The property is located at 118 Northwest 24th Street Miami, FL.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: 8 studio units multifamily property (8/8) currently generating approx. $12,400/month income; Zoned T5‑O/NRD‑1 with lot size of 7,500 SF; New roof installed in 2016