2780 22Nd St Miami, FL 33142

Property Details for 2780 22Nd St

Year built

1948

Property type

Small apartment buildings

Description

This exceptional multifamily investment opportunity presents a rare chance to acquire a 1-story apartment building located at 2780 NW 22nd St, Miami, FL 33142, in Miami-Dade County. Built in 1948, this property is zoned for 2-9 multifamily units, offering significant upside potential for the savvy investor. Currently, the property is generating income from a single tenant, whose lease expires at the end of July. The asking price is $821,000. While the current rental income may not fully reflect the property's potential, with some renovations and improvements (TLC), this property is poised to generate substantially higher returns. The building's classification as an Apartment Building, Duplex/Triplex/Quadruplex, indicates its flexibility and capacity for expansion or conversion. This is a prime location in Miami, offering excellent access to local amenities and transportation. The property's true value lies in its potential for increased rental income and appreciation, making it an attractive investment for those seeking a project with significant upside. Serious inquiries are encouraged to explore this unique opportunity. The property's location is 25.7968632 latitude and -80.2413502 longitude.