$1,350,000
MLS# A12077917
1 / 14
Property Description
5-unit multifamily investment in Miami's Allapattah neighborhood offering in-place income, immediate lease-up upside, and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters, and one vacant unit. Historical T-12: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currently zoned T4-R. Adjacent lot is T5-L, providing a relevant nearby zoning precedent for buyers evaluating future rezoning, mixed-use, workforce housing or Live Local strategies. Near Wynwood, Miami Health District, Downtown, SR-836, I-95, and MIA. Redevelopment potential is subject to independent verification and City approvals.
Details
Documents
Contract Information
Comp Sale YN: No
Listing Date: 2026-08-25
Status: Active
Original List Price: 1350000
List Price: $1,350,000
Current Price: $1,350,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Code: 33127
Subdivision Number: 29
Flood Zone: X
State Or Province: FL
Postal Code +4: 3358
Zoning: 3900
General Property Information
Number Of Buildings: 2
Number Of Units Total: 2
Occupant Type: Tenant
Lot Size Area: 6534
Stories Total: 2
Property Sub Type: Multi Family
Year Built: 1937
Parking Total: 10
Lot Size Acres: 0.15
Office/Member Information
DXORIGMLSID: SEF
Flooring
Tile: 1
Other: 1
Parking Features
Assigned: 1
Property Condition
Resale: 1
Documents Available
Copy Of Lease(s): 1
Rent Rolls: 1
Tenant Pays
Electricity: 1
Interior Electric: 1
Maintenance: 1
Trash Collection: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Sale Includes
Building: 1
Fixtures: 1
Land: 1
Leases: 1
Construction Materials
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Road Frontage Type
City Street: 1
Roof
Other: 1
Security Features
Security Gate: 1
Smoke Detector(s): 1
Other: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 108822
Net Operating Income: 91295
Other Expense: 17527
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 4
Beds Total: 2
Furnished: No
Annual Rent: 88800
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Furnished: No
Annual Rent: 22800
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Call Listing Agent: 1
Section Details
Parcel Number MLX: 0200
Financial Information
Tax Annual Amount: 12053
Tax Legal Description: 26 53 41 EDEN PARK PB 7-29 LOT 22 LESS S5FT TO CITY LOT SIZE 6650 SQUARE FEET OR 16240-4682 0294 1 COC 25209-1975 12 2006 1
Status Change Information
Major Change Timestamp: 2026-08-25T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-26
Originating Details
Originating System Key: 560032885
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Rent Rolls
Flooring: Tile; Other
Parking Features: Assigned
Possession: Negotiable
Property Condition: Resale
Sale Includes: Building; Fixtures; Land; Leases
Source Of Expenses: Owner Provided
Tenant Pays: Electricity; Interior Electric; Maintenance; Trash Collection
Construction Materials: Other
Cooling: Wall/Window Unit(s)
Listing Terms: Cash; Conventional; Other
Road Frontage Type: City Street
Roof: Other
Security Features: Security Gate; Smoke Detector(s); Other
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Offer Memorandum 
Listing Office: Real Estate Sales Force
Last Updated: September - 16 - 2026
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