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548-550 NW 30th St 5 Unit Apartment Building $1,695,000 ($339,000/Unit) 5.56% Cap Rate Miami, FL 33127
Investment Highlights
- Development Opportunity
- Covered Land Play
- Fully Leased
Executive Summary
Located in the heart of Wynwood Norte is a prime investment opportunity offering strong in-place income with significant redevelopment potential. The property consists of two separate structures: A fully furnished 4-bedroom single-family home, currently leased to a short-term rental operator and a second building featuring four fully leased 1-bedroom apartments. Together, the property generates a solid monthly rental income of $11,250. Zoned T5-L, the site allows for future redevelopment of up to 22 residential units or 43 hotel units, presenting long-term upside in one of Miami’s most dynamic and rapidly evolving neighborhoods. This is a rare opportunity to acquire a stable asset with excellent cash flow and high-density zoning in one of Miami’s most sought-after opportunity zones.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$135,000
|
$43.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$135,000
|
$43.34
|
| Taxes |
$19,488
|
$6.26
|
| Operating Expenses |
$21,300
|
$6.84
|
| Total Expenses |
$40,788
|
$13.09
|
| Net Operating Income |
$94,212
|
$30.24
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,000 |
| Annual Per SF | $43.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $135,000 |
| Annual Per SF | $43.34 |
| Taxes | |
|---|---|
| Annual | $19,488 |
| Annual Per SF | $6.26 |
| Operating Expenses | |
|---|---|
| Annual | $21,300 |
| Annual Per SF | $6.84 |
| Total Expenses | |
|---|---|
| Annual | $40,788 |
| Annual Per SF | $13.09 |
| Net Operating Income | |
|---|---|
| Annual | $94,212 |
| Annual Per SF | $30.24 |
Property Facts
| Price | $1,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $339,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.56% | Building Size | 3,115 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | T5-L - Multi-Family, Hotel, Office, Restaurant, Retail | ||
| Price | $1,695,000 |
| Price Per Unit | $339,000 |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,115 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | T5-L - Multi-Family, Hotel, Office, Restaurant, Retail |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+2 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3125-024-1930 | Total Assessment | $1,108,296 |
| Land Assessment | $889,000 | Annual Taxes | $19,488 ($6.26/SF) |
| Improvements Assessment | $219,296 | Tax Year | 2025 |
Property Taxes
Parcel Number
01-3125-024-1930
Land Assessment
$889,000
Improvements Assessment
$219,296
Total Assessment
$1,108,296
Annual Taxes
$19,488 ($6.26/SF)
Tax Year
2025
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548-550 NW 30th St
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