Current Use by Public Records
- Apartment buildings
Property Details for 6255 More
- Year built
- 1946
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional 15-unit apartment building in Miami, Florida, presents a compelling investment opportunity. Located just two blocks from Magic City and situated on a substantial 36,000 square foot lot (T5-R zoning), this property offers significant upside potential. The building, constructed in 1946, is a single-story structure and currently boasts 100% occupancy with month-to-month leases. The current gross monthly income is approximately $16,000. This represents a strong value-add opportunity, as rental rates are currently below market value. The property's prime location offers proximity to thriving areas such as the Design District (approximately 10 blocks), Midtown (approximately 15 blocks), and Wynwood (approximately 20 blocks). The property consists of four separate parcels (folios 01-3113-056-0490, 01-3113-056-0450, 01-3113-056-0451, and one additional folio), making it ideal for future development in one of Miami's fastest-growing neighborhoods, surrounded by numerous ongoing projects. The asking price is $3,500,000. This is a multi-folio sale. The address is 6255 NE Miami Pl and three additional addresses. The zip code is 33138.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1951
- Latitude
- 25.8335
