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2900 W Flagler St 12 Unit Apartment Building $3,200,000 ($266,667/Unit) Miami, FL 33135
Investment Highlights
- Corner location along West Flagler Street offering excellent visibility and connectivity.
- Located within a Central Enterprise Zone and the Urban Development Boundary.
- Recent upgrades include new roof (2013), updated A/C systems, and extensive paved parking area.
- Twelve-unit asset with a strong unit mix of one-bedroom apartments and studios.
- Over 15,000 SF lot with T5-L Urban Center zoning for high-density redevelopment.
- Immediate access to major transit routes, Health District, and Downtown Miami.
Executive Summary
This stabilized 12-unit multifamily property presents a compelling investment opportunity in Miami's thriving urban market. Situated on a high-visibility corner along West Flagler Street, the asset benefits from strong connectivity and immediate access to transit lines, the Health District, and Downtown Miami. The versatile unit mix includes 10 one-bedroom apartments and two studios, catering to sustained rental demand in the area.
Occupying a 15,000 SF lot under T5-L zoning, the property allows for significant covered land play and long-term redevelopment potential. Recent capital upgrades include a new roof (2013), updated central HVAC, and over 3,000 SF of paved parking, enhancing both functionality and tenant appeal. Positioned within the Urban Development Boundary and a Central Enterprise Zone, investors gain not only stable current income but the ability to leverage future density options. With Miami’s growing population and robust workforce housing need, this property offers immediate cash flow with enduring upside in a dynamic corridor.
Occupying a 15,000 SF lot under T5-L zoning, the property allows for significant covered land play and long-term redevelopment potential. Recent capital upgrades include a new roof (2013), updated central HVAC, and over 3,000 SF of paved parking, enhancing both functionality and tenant appeal. Positioned within the Urban Development Boundary and a Central Enterprise Zone, investors gain not only stable current income but the ability to leverage future density options. With Miami’s growing population and robust workforce housing need, this property offers immediate cash flow with enduring upside in a dynamic corridor.
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 6,114 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 2.62/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3-14, Miami - Multifamily3-14 Units | ||
| Price | $3,200,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,114 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 2.62/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-14, Miami - Multifamily3-14 Units |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-4103-040-0420 | Improvements Assessment | $925,000 |
| Land Assessment | $975,000 | Total Assessment | $1,900,000 |
Property Taxes
Parcel Number
01-4103-040-0420
Land Assessment
$975,000
Improvements Assessment
$925,000
Total Assessment
$1,900,000
Contacts
-
Miguel Fuentes -
Mauricio Villasuso -
Cristina Amaro -
Fausto Commercial Realty Consultants
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2900 W Flagler St
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