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980 NW 45th Ave 16 Unit Apartment Building $4,200,000 ($262,500/Unit) Miami, FL 33126

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EXECUTIVE SUMMARY

Extraordinary investment opportunity in Flagami south of Miami International airport and 836 HWY, boasting an exceptional 1970s CBS construction that is hurricane proof. This sixteen (16)-unit apartment building, situated on 20,475 SF lot zoned T5-R with parking, is irreplaceable given existing zoning. Each apartment features a well- designed floor plan with one bedroom and one bath, providing consistency and ease of management. Within minutes to Magic City Casino, it is also centric to other amenities and locales. Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park scheduled to open in late 2025. This is a year-round destination spot. The recreational project will be the largest new park in Miami, soccer and youth athletic fields for the community, a full range of entertainment and commercial offerings including office space, hotel, shops, restaurants and additional experiences and attractions for residents just minutes East of the site. Further, its located near the bustling Miami Intl Airport, Coral Gables, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.

PROPERTY FACTS

Price $4,200,000
Price Per Unit $262,500
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.43 AC
Building Size 15,092 SF
No. Stories 2
Year Built 1971
Parking Ratio 1/1,000 SF
Zoning T5-R - signifies a transect zone with a focus on multi-family residential and limited mixed-use development

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Refrigerator
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3132-009-0270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,197,176
  • Listing ID: 36124538

  • Date on Market: 6/5/2025

  • Last Updated:

  • Address: 980 NW 45th Ave, Miami, FL 33126

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