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    1991 NW 32Nd Ave Miami, FL 33125

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    For Sale
    $2,000,000

    Eight-unit apartment building near Miami Freedom Park.

    Lot size:
    0.17 Acres

    Property Features for 1991 NW 32Nd Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1965

    Source: Fausto Commercial Realty Consultants Inc Agent Mauricio Villasuso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Allapattah Eight-Unit Apartment Building

    Located in West Allapattah along the NW 20 ST corridor, this eight-unit apartment building presents an investment opportunity. Constructed in the 1960s with CBS construction, the building is situated on a 7,393 square foot lot zoned T3-L. Each apartment features a one-bedroom, one-bath floor plan. The property is within walking distance of the Inter Miami CF stadium, a 58-acre public park, and the Miami Freedom Park entertainment district, scheduled to open in 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.247776
    Latitude
    25.793839

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building near Miami Freedom Park.
    Where is this apartment building located?
    The property is located at 1991 NW 32Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Walking distance to Inter Miami CF stadium and the future Miami Freedom Park (opening 2025).; - Eight-unit apartment building in West Allapattah.; - Desirable T3-L zoning on a 7,393 SF lot.
    (305) 340-8901
    Request Owner's contact information
    1991 NW 32Nd Ave Miami, FL 33125
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    Miami, FL 33125
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1991 NW 32Nd Ave Miami, FL 33125
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