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437 NE 30th St 7 Unit Apartment Building $3,500,000 ($500,000/Unit) Miami, FL 33137
EXECUTIVE SUMMARY
Subject property is an two-story building, totaling 7 living units in a 5,500 square feet lot size, according to the Miami Dade Property Appraiser. Property is located in a premium and highly sought after neighborhood which continues to grow, Edgewater; that includes the most successful projects in unit sales in recent years, besides Brickell and Downtown. Units are leased in a month-to-month basis, offering flexibility for future ownership plans. Favorable T6-36a (L) zoning designation allows up to 66,000 buildable square feet and 18 units, plus the possibility of adding up to 40% of Floor Lot Ratio (FLR) via public benefit. Perfectly located next to Biscayne Blvd., 15-minute drive to Miami Airport, and 5-minute drive to the booming areas of Design District, Wynwood, Brickell and Downtown Miami, property offers excellent connectivity to all major Miami hotspots.
PROPERTY FACTS
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $500,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,220 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1918 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | T6-36a-L - Zoning: T6-36a-L | Total Buildable SF: 66,000 SF** | + 40% additional Public Benefit** | Total Buildable Units: 18** | ||
| Price | $3,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,220 SF |
| No. Stories | 2 |
| Year Built | 1918 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | T6-36a-L - Zoning: T6-36a-L | Total Buildable SF: 66,000 SF** | + 40% additional Public Benefit** | Total Buildable Units: 18** |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 01-3230-013-0670 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,197,481 |
PROPERTY TAXES
Parcel Number
01-3230-013-0670
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,197,481
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437 NE 30th St
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