2126 Flagler Ter Miami, FL 33125

This exceptional 7-unit apartment building presents a compelling investment opportunity in Miami's vibrant Little Havana neighborhood. Located at 2126 NW Flagler Ter, Miami, FL 33125, this property boasts a substantial annual income of $120,000, with all units currently leased. Built in 1928, the two-story building sits on a generous 8,900 square foot lot, offering significant development potential. The property benefits from dual street access and has received city authorization for the construction of up to 7 units. Furthermore, its location within an Affordable Housing Area allows for the development of up to 14 affordable units upon obtaining the necessary Affordable Housing Certification (AHC). A 40-year certification was obtained in 2018. This prime location provides easy access to Downtown Miami, Brickell, and Miami International Airport, along with convenient public transportation options. The property's strong cash flow, development potential, and strategic location make it an ideal investment for discerning buyers seeking significant returns in a thriving market. The asking price is $1,250,000.