548-550 30Th St, Miami, FL 33127
5 Unit Apartment Building | $1,570,000 ($314,000/Unit) | 5.74% Cap Rate | Miami, FL 33127
For Sale
Active
Asking Price $1,570,000
- Property Type
-
Multifamily
- Square Feet
- 3,115 SF
Listing Contacts
- Property Info
Property Overview
PROPERTY IS FULLY-LEASED - GENERATING $138,600 IN ANNUAL RENTAL INCOME.
Experience the best of Wynwood living with this exceptional investment opportunity. Located in the heart of Wynwood, this property is within walking distance of many entertainment, retail, hospitality, art galleries, and restaurants, including several Michelin-awarded restaurants. This prime location offers the perfect balance of convenience and a vibrant lifestyle. The 6350-square-foot lot boasts two unique structures: the front building is a single-family house leased short-term on Airbnb, and the rear structure is a two-story four-plex, with each unit having one bedroom, one bath, all leased with annual leases. This distinctive property is a rare find in the heart of Wynwood. T5L zoning allows for a higher density than its current use and allows 23 additional units to be built.
**AIRBNB MONTHLY NET RENTAL INCOME $5800-$6K. Airbnb income is not reflected in the evaluation.
Experience the best of Wynwood living with this exceptional investment opportunity. Located in the heart of Wynwood, this property is within walking distance of many entertainment, retail, hospitality, art galleries, and restaurants, including several Michelin-awarded restaurants. This prime location offers the perfect balance of convenience and a vibrant lifestyle. The 6350-square-foot lot boasts two unique structures: the front building is a single-family house leased short-term on Airbnb, and the rear structure is a two-story four-plex, with each unit having one bedroom, one bath, all leased with annual leases. This distinctive property is a rare find in the heart of Wynwood. T5L zoning allows for a higher density than its current use and allows 23 additional units to be built.
**AIRBNB MONTHLY NET RENTAL INCOME $5800-$6K. Airbnb income is not reflected in the evaluation.
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 5
Highlights
- 100% RENTED - INCOME PRODUCING MULTI-FAMILY
- PROFESSIONALLY MANAGED
- PRIME LOCATION WYNWOOD- CLOSE TO DOWNTOWN, BRICKELL, SOUTH BEACH, MIDTOWN, AND I95
- MIXED OF LONG AND SHORT TERM RENTAL INCOME
- ZONING T5L
- SIGNIFICANT UPSIDE POTENTIAL
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