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767 NW 35th St 5 Unit Apartment Building $1,390,000 ($278,000/Unit) Miami, FL 33127
Investment Highlights
- Five-unit multifamily property located in the Allapattah neighborhood of Miami, offering a total building size of 3,118 SF on a 0.15-acre lot.
- Built in 1998, the two-story building features a low-rise apartment style and is classified as Building Class C.
- Conveniently located near major Miami corridors, with strong walkability (Walk Score of 80) and proximity to Wynwood, Design District, and Downtown Mi
- Priced at $1,390,000, equating to approximately $278,000 per unit, presenting an attractive investment opportunity in a high-demand rental market.
- Situated within a designated Opportunity Zone, providing potential tax advantages for qualified investors.
- On-site parking available with a ratio of 1.6 spaces per 1,000 SF, enhancing tenant convenience.
Executive Summary
Stabilizing 5-unit multifamily property in the rapidly evolving Allapattah submarket, just minutes from Wynwood, Midtown, and the Miami Health District. This asset offers immediate income with additional upside through lease-up and future rent growth. Recent capital improvements include impact windows, updated electrical systems with a new panel and meter, plumbing upgrades, a new water heater, a newer roof with waterproofing, and structural enhancements. Situated on a 6,800 SF lot, the property also offers long-term redevelopment potential in one of Miami’s fastest-growing urban corridors.
Property Facts
| Price | $1,390,000 | Building Class | C |
| Price Per Unit | $278,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,118 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | 3900 - Multifamily | ||
| Price | $1,390,000 |
| Price Per Unit | $278,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,118 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 3900 - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
Walk Score®
Very Walkable (80)
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767 NW 35th St
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