641 NW 2nd St, Miami FL 33128,Miami,Miami-Dade County,Commercial Sale
- $1,999,999
- $1,999,999
Description
Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning.
The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency.
Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside.
T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential.
Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand.
A flexible investment that delivers income today and scales for the future.
Overview
- Income/MultiFamily
- sqft
- 1972
- A11989831
Details
Actualizado en marzo 30, 2026 a 7:26 pm-
Property ID A11989831
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Price $1,999,999
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Year Built 1972
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Type Income/MultiFamily
Additional details
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Aire Acondicionado Wall/Window Unit(s)
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Tamaño del lote 7500
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Cantidad de fotos 59
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Nombre de la calle 2nd St
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Número de la calle 641
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Impuestos Anuales 26931
Address
Open on Google Maps-
Address: 2nd St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33128
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