About This Property

Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning. The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency. Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside. T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential. Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand. A flexible investment that delivers income today and scales for the future.

Key Features

• 7,500 SquareFeet Lot
• Built in 1972

Property Details

• Type: Single Family Home
• Year Built: 1972
• Lot Size: 7,500 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 7,500 SquareFeet Lot
• Feature: Built in 1972
• Status: Active
• MLS Number: 1156071290
• Days on Market: 12
• Listed By: MLS Listing
• Zip Code: 33128