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Magic City Innovation 301 NE 58th St 2 Unit Apartment Building $728,000 ($364,000/Unit) 6.23% Cap Rate Miami, FL 33137
EXECUTIVE SUMMARY
Priced to Sell, below market. Two Separate Structures, Multifamily. Sold as Is.
Special opportunity to invest early in this over 10,000 SqFt corner duplex property in the heart of Magic City. It sits across the street of approved plans of vibrant Magic City Innovation project and the massive $3 Billion dollar Little River District project of SG Holdings. Upper East Side. Only minutes from Design District,MIMO District, Upper East Side, Midtown, Wynwood, beaches and much more. Transform the current structures or build new ones for endless potential. Learn more about the exiting Magic City.
Special opportunity to invest early in this over 10,000 SqFt corner duplex property in the heart of Magic City. It sits across the street of approved plans of vibrant Magic City Innovation project and the massive $3 Billion dollar Little River District project of SG Holdings. Upper East Side. Only minutes from Design District,MIMO District, Upper East Side, Midtown, Wynwood, beaches and much more. Transform the current structures or build new ones for endless potential. Learn more about the exiting Magic City.
PROPERTY FACTS
| Price | $728,000 | Building Class | C |
| Price Per Unit | $364,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 2,088 SF |
| Cap Rate | 6.23% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1939 |
| Property Type | Multifamily | Parking Ratio | 4.31/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 5700 - Residential | ||
| Price | $728,000 |
| Price Per Unit | $364,000 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 2,088 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 4.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 5700 - Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Attic
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (84)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Wynwood Art Living LLC
Magic City Innovation | 301 NE 58th St
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