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1915 NW 28th St
Miami, FL 33142
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Existing apartment community provides immediate rental income.
- Located near the Health District, Downtown Miami, and Wynwood.
- Opportunity to evaluate renovation, repositioning, or redevelopment strategies.
- Approximately one-acre infill site in Miami's Allapattah submarket.
- Convenient access to major transportation corridors and Miami International Airport.
- Offered for sale as-is with future value-add potential.
Executive Summary
Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. The 1-acre, T4-R Miami21 zoned property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only!
Property Facts
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| No. Units | 24 | Building Size | 13,818 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | T4R - higher-density residential use | ||
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 13,818 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Opportunity Zone |
Yes |
| Zoning | T4R - higher-density residential use |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
Property Taxes
| Parcel Number | 01-3127-066-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,815,484 |
Property Taxes
Parcel Number
01-3127-066-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,815,484
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