437 30Th St Miami, FL 33137
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7-Unit Multifamily, High Potential
Property size:
5,220 SFProperty Features for 437 30Th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 5,220 SF
- Class
- C
Building Details
- Year Built
- 1918
- Buildings
- 1
- Stories
- 2
- Units
- 7
Listing Agent: Joel Rodriguez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional redevelopment opportunity presents a 7-unit, 2-story apartment building situated on a 5,500 square foot lot in Miami's highly desirable Edgewater neighborhood. The property, boasting 5,220 square feet of net rentable space, is currently configured as seven individual units, each leased on a month-to-month basis, providing flexibility for future plans. Built in 1918, the Class C building presents a significant upside for investors seeking to capitalize on Edgewater's robust growth trajectory, rivaling even Brickell and Downtown Miami in recent sales success. The property's favorable T6-36a-L zoning designation unlocks substantial development potential. This zoning allows for up to 66,000 buildable square feet and a maximum of 18 units, with the added possibility of increasing the Floor Lot Ratio (FLR) by up to 40% through public benefits. Its prime location near Biscayne Boulevard offers convenient access to Miami International Airport (15-minute drive) and the thriving Design District, Wynwood, Brickell, and Downtown Miami (5-minute drive). The asking price for this corporation-owned property is $3,500,000, representing a price per unit of $500,000. This presents a unique chance to acquire a well-positioned asset with significant upside in one of Miami's most dynamic neighborhoods. The property is located at 437 NE 30th St, Miami, FL 33137, in Miami-Dade County.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.187876057173
- Latitude
- 25.805397880029
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 7-Unit Multifamily, High Potential
Where is this multifamily property located?
The property is located at 437 30Th St Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Exceptional Edgewater location in a high-demand neighborhood with strong recent sales comparable to Brickell and Downtown Miami.; Favorable T6-36a (L) zoning permits up to 66,000 buildable square feet and 18 units, plus a potential 40% Floor Lot Ratio (FLR) increase through public benefits.; 7-unit, 5,220 sq ft apartment building on a 5,500 sq ft lot.
