350-352 33Rd St Miami, FL 33127

Property Details for 350-352 33Rd St

Year built

1971

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional Miami multifamily property, located at 350-352 NW 33rd St, Miami, FL 33127, presents a lucrative investment opportunity. Built in 1971, this single-story building comprises two distinct units, each with ample living space. Unit 1 boasts 4 bedrooms and 2 bathrooms, while Unit 2 offers 3 bedrooms and 2 bathrooms. Both units include two parking spaces and dedicated laundry rooms, enhancing tenant appeal. Currently generating a combined monthly rental income of $8000 (with a 5-year lease to an adult living facility), this property offers immediate cash flow. The property is zoned T4R, allowing for the construction of a three-story, five-unit multifamily building, significantly increasing potential return on investment. Its central Miami location provides easy access to major highways, renowned restaurants, vibrant entertainment, and cultural attractions, making it highly desirable for both residents and investors. This property represents a rare chance to acquire a well-maintained, income-producing asset with significant upside potential in a thriving urban environment. The property's strong rental history and flexible zoning make it an ideal investment for both seasoned and aspiring real estate investors seeking a high-return opportunity in the heart of Miami.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.2021

Latitude

25.8072