605 NW 34th Avenue, Miami, FL 33125

Listing Snapshot

About This Home

Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside.Current Gross income $97,045 Current NOI $66,255Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.Do not disturb tenants

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

2

Parking Spaces

7

Zoning

5700

Utilities

CableNotAvailable

Subdivision

12TH ST MANORS

Interior Features

Flooring

Terrazzo,Tile

Heating

Central,SeparateMeters

Cooling

CentralAir

Exterior Features

Construction

Block

Roof

Shingle

Pool

No

Waterfront

No

Community Features

MLS Area

2410

Schools

Map

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