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Prime Multifamily Site in Little Havana 5 Multifamily Properties Offered at $10,000,000 in Miami, FL
EXECUTIVE SUMMARY
Eleventrust is proud to present a rare assemblage opportunity near the vibrant
Miami River, offering a unique investment in one of Miami’s most sought-after
locations. This assemblage consists of five parcels of land totaling over 45,000 square
feet, all zoned T-6-8 under the Miami 21 Zoning Code, making it a prime candidate
for future redevelopment.
Property Breakdown:
Property #1: 690 NW 3rd St
Built: 1971
Lot: 15,000 SF
Units: 16 units with a mix of one-bedroom and two-bedroom configurations
Living Area: 13,626 SF
Parking: On-site parking with gated entry
Property #2: 221 NW 7th Ave
Built: 1949
Lot: 8,846 SF
Units: 20
Living Area: 5,110 SF
Parking: On-site parking with gated entry
Property #3: 211 NW 7th Ave
Built: 1949
Lot: 6,143 SF
Units: 4
Living Area: 3,859 SF
Parking: Off-Street
Property #4: 661 Nw 2 St
Built: 1920s
Lot: 7,500 SF
Units: 4
Living Area: 3,774 SF
Parking: On-Site
Property #5: 663 NW 2nd St:
Built: 1933
Lot: 7,500 SF
Units: 2
Living Area: 2,670 SF
Parking: On-site
Income Potential: Currently generating over $850K in income, with the potential to
exceed $1M by adjusting rents to market rates.
Redevelopment Opportunity: This is a perfect covered land play for future
redevelopment in a rapidly growing area.
Miami River, offering a unique investment in one of Miami’s most sought-after
locations. This assemblage consists of five parcels of land totaling over 45,000 square
feet, all zoned T-6-8 under the Miami 21 Zoning Code, making it a prime candidate
for future redevelopment.
Property Breakdown:
Property #1: 690 NW 3rd St
Built: 1971
Lot: 15,000 SF
Units: 16 units with a mix of one-bedroom and two-bedroom configurations
Living Area: 13,626 SF
Parking: On-site parking with gated entry
Property #2: 221 NW 7th Ave
Built: 1949
Lot: 8,846 SF
Units: 20
Living Area: 5,110 SF
Parking: On-site parking with gated entry
Property #3: 211 NW 7th Ave
Built: 1949
Lot: 6,143 SF
Units: 4
Living Area: 3,859 SF
Parking: Off-Street
Property #4: 661 Nw 2 St
Built: 1920s
Lot: 7,500 SF
Units: 4
Living Area: 3,774 SF
Parking: On-Site
Property #5: 663 NW 2nd St:
Built: 1933
Lot: 7,500 SF
Units: 2
Living Area: 2,670 SF
Parking: On-site
Income Potential: Currently generating over $850K in income, with the potential to
exceed $1M by adjusting rents to market rates.
Redevelopment Opportunity: This is a perfect covered land play for future
redevelopment in a rapidly growing area.
PROPERTY FACTS
| Price | $10,000,000 | Number of Properties | 5 |
| Price / SF | $309.65 / SF | Individually For Sale | 0 |
| Cap Rate | 5.06% | Total Building Size | 32,295 SF |
| Sale Type | Investment | Total Land Area | 1.72 AC |
| Status | Active |
| Price | $10,000,000 |
| Price / SF | $309.65 / SF |
| Cap Rate | 5.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 32,295 SF |
| Total Land Area | 1.72 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 690 NW 3rd St, Miami, FL 33128 | Multifamily | 13,620 SF | 1971 | - |
| 221 NW 7th Ave, Miami, FL 33128 | Multifamily | 8,362 SF | 1949 | - |
| 661 NW 2nd St, Miami, FL 33128 | Multifamily | 3,774 SF | 1920 | - |
| 211 NW 7th Ave, Miami, FL 33128 | Multifamily | 3,296 SF | 1949 | - |
| 653 NW 2nd St, Miami, FL 33128 | Multifamily | 3,243 SF | 1933 | - |
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Prime Multifamily Site in Little Havana
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