About This Property

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. Zoned 6051 UC EDGE - MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity. Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.

Key Features

• 20,500 SquareFeet Lot

Property Details

• Type: Land
• Lot Size: 20,500 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 20,500 SquareFeet Lot
• Status: Active
• MLS Number: 1158541705
• Days on Market: 0
• Listed By: MLS Listing
• Zip Code: 33147