Two-Structure Multifamily Income
420 NE 70th St Miami, FL 33138
For Sale
Contact for pricing
Pending
Six rented units across two detached, fenced buildings offer an income-focused residential investment opportunity.
Days on Market102
Property Features for 420 NE 70th St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Graber Realty Group LLC
Listed By:
Shane Graber · License #3347659
Source:
Crexi
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 23 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graber Realty Group LLC
Investment Insights
Based on property information with market context.
This residential income property includes six total units split between two detached buildings. Building 1 contains four 1-bedroom, 1-bath units, and Building 2 contains one 2-bedroom, 1-bath unit plus a studio unit. The buildings are fenced in for privacy, and all six units are currently rented.
The property is located in the Palm Grove/Ironside area in Miami’s MiMo District, near Magic City, the Design District, Midtown, and Wynwood. Access and street frontage details are not provided.
The seller notes the possibility to add two more units or increase height to 3 stories, referencing Miami 21 T4-R zoning and potential entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Tenants are occupied, and there is a request not to disturb current occupants.
The property is located in the Palm Grove/Ironside area in Miami’s MiMo District, near Magic City, the Design District, Midtown, and Wynwood. Access and street frontage details are not provided.
The seller notes the possibility to add two more units or increase height to 3 stories, referencing Miami 21 T4-R zoning and potential entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Tenants are occupied, and there is a request not to disturb current occupants.
Key Highlights
- Rare 6‑unit income‑producing complex with two detached buildings in the Palm Grove/Ironside area of the MiMo District
- All 6 units are currently rented; units have below market rents
- Building 1 has four 1 bed/1 bath units; Building 2 has one 2 bed/1 bath unit plus a studio unit
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Six rented units across two detached, fenced buildings offer an income-focused residential investment opportunity.
Where is this apartment building located?
The property is located at 420 NE 70th St Miami, FL.
What are key features of this property?
This property features: Rare 6‑unit income‑producing complex with two detached buildings in the Palm Grove/Ironside area of the MiMo District; All 6 units are currently rented; units have below market rents; Building 1 has four 1 bed/1 bath units; Building 2 has one 2 bed/1 bath unit plus a studio unit
