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UPPER BUENA VISTA - DOUBLE LOT 76 NE 49th St 2 Unit Apartment Building $1,740,000 ($870,000/Unit) Miami, FL 33137
Investment Highlights
- 1/3 ACRE DOUBLE BUILDABLE LOT, PRIVATE, FENCED LAND
- DEVELOPERS, BUILDERS & INVESTORS = GOLDMINE OPPORTUNITY
- MULTIPLE STREAMS OF INCOME
- SELLER FINANCING AVAILABLE
Executive Summary
RARELY AVAILABLE DOUBLE 1/4 ACRE LOT investment opportunity in Upper Buena Vista, blocks north of Miami’s Design District. The property sits on a rare NON-HISTORIC DOUBLE 1/4 ACRE LOT, offering endless potential for development. Main house features 3 beds, 2 baths. A separate 1/1 cottage, rented for $2,000 per month, offers additional revenue or a perfect guest retreat. The main home and the cottage are over 2600 total SFT combined & boast BRAND-NEW ROOFS AND IMPACT WINDOWS. The double lot can be split allowing 2 new homes or side by side townhomes. With its prime location near luxury shopping, fine dining, and cultural hotspots, this property offers a rare combination of income-generating potential and future development opportunities. Contact the listing agent to secure the best price!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$96,000
|
$39.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$96,000
|
$39.64
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $39.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $39.64 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,740,000 | Building Class | B |
| Price Per Unit | $870,000 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 2,422 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | 0104 - multifamily | ||
| Price | $1,740,000 |
| Price Per Unit | $870,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 2,422 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
| Zoning | 0104 - multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $7,000 | - |
| 1+1 | 1 | $2,200 | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3124-015-0820 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $452,754 (2025) |
Property Taxes
Parcel Number
01-3124-015-0820
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$452,754 (2025)
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Contact the Sale Advisor
UPPER BUENA VISTA - DOUBLE LOT | 76 NE 49th St