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$1,400,000
Est. payment /mo
0.47 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID A12007908
HOA Y/N No
Annual Tax Amount $9,136
Tax Year 2025
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions 65x315
Property Description
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.
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.
Location
State FL
County Miami-dade
Area 31
Exterior
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 30-31-03-000-0151
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12007908
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Listed by VDV Property Solutions Corp
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