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2141 34Th St Miami, FL 33142

For Sale
$3,268,000

7-Unit Rental Property, High ROI

Property size:
8,585 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
This exceptional investment opportunity presents a portfolio of seven rental units across five properties in desirable Miami neighborhoods: Allapattah, West Buena Vista, and Downtown Miami. The portfolio boasts a total of 8,585 square feet and comprises a mix of single-family homes, duplexes, and a townhome. Three properties feature recently renovated kitchens and bathrooms, and three have new roofs. Each property includes a fenced yard or patio. The unit mix is highly desirable, with a majority of three and four-bedroom units, ranging from one to four bedrooms. Current rents range from $2,200 to $5,000 per month, with two units currently occupied by Section 8 tenants. The properties are strategically located within a two-mile radius and a five-minute drive of each other, offering convenience and management efficiency. This portfolio presents a compelling value-add opportunity in a high-demand rental market, with significant potential for rental income growth. The asking price is $3,268,000, representing an attractive price per unit of $466,857.14. Seller financing is available, with terms negotiable. The portfolio's strong occupancy history and the potential for individual property sales post-acquisition further enhance its investment appeal. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily portfolio in a thriving Miami market. The properties are located at 2141 NW 34th St, 1438 NW 27th St, 2030 NW 34th St, 618 NW 11th St, and 810 NW 43rd St, all in Miami-Dade County, Florida.

Property Features for 2141 34Th St

General Information

Property type
Multifamily properties
Square Feet
8,585 SF

Building Details

Buildings
5
Units
7

HighLights

  • Seller financing offered.
  • Predominantly three- and four‑bedroom units.
  • Five‑property portfolio; individual property sales possible after acquisition.
  • Strong historical occupancy rates.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.2306922
Latitude
25.8077942

FAQs

What type of property is this?
Multifamily property - 7-Unit Rental Property, High ROI
Where is this multifamily property located?
The property is located at 2141 34Th St Miami, FL.
What is the asking price?
The asking price for this property is $3,268,000.
What are key features of this property?
This property features: Seller financing offered.; Predominantly three- and four-bedroom units.; Five-property portfolio; individual property sales possible after acquisition.
More about this property
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