2Nd St Miami, FL 33135
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 2Nd St
- Year built
- 1937
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional Miami investment opportunity presents three contiguous buildings totaling over 23,000 square feet on a prime location at 1228-1234-1250 SW 2nd St, Miami, FL 33135, in Miami-Dade County. Built in 1937, this two-story apartment complex currently boasts eight rental units generating a substantial monthly income of $17,000. The property offers significant upside potential with the possibility of increasing rental rates. This presents a unique chance to acquire a proven income-generating asset while simultaneously exploring the development potential of the expansive lot. The existing buildings provide immediate cash flow, allowing for a strategic approach to planning and designing a new multifamily development on this highly desirable land. The property's location in Miami, Florida, ensures strong demand and future appreciation. This is a rare opportunity to acquire a multifamily property with immediate income and substantial long-term growth potential. The property's asking price is $3,995,000. This is a turnkey investment ready for an astute investor to capitalize on its current income and future development possibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2152
- Latitude
- 25.7714
