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1991 NW 32nd Ave

8 Unit Apartment Building $2,000,000 ($250,000/Unit) Miami, FL 33125

Investment Highlights

  • Within walking distance to Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park
  • All tenants are month-to-month
  • Strategically located to the bustling Miami Intl Airport, Wynwood, Downtown, Brickell and several other employment centers

Executive Summary

Extraordinary investment opportunity in West Allapattah along the NW 20 ST corridor, boasting an exceptional 1960s CBS construction that is surely hurricane proof. This eight-unit apartment building, situated on a generous 7,393 SF lot zoned T3-L, is irreplaceable given the inferior zoning. Each apartment features a well- designed floor plan with one bedroom and one bath, providing consistency and ease of management. Within walking distance to Inter Miami CF stadium, 58-acre public park, and entertainment district at Miami Freedom Park scheduled to open in 2025. This is a year-round destination spot. The recreational project will also include a new 58-acre public park that will be the largest new park in Miami, soccer and youth athletic fields for the community, a full range of entertainment and commercial offerings including office space, hotel, shops, restaurants and additional experiences and attractions for residents. Strategically located to the bustling Miami Intl Airport, Wynwood, Downtown, Brickell and several other employment centers, residents will be motivated to live in this centric and thriving neighborhood that is gaining traction in the vibrant and culturally diverse city that is undergoing a massive transformation. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Seize the chance to become a part of this flourishing community and secure a promising investment for your portfolio. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.

Property Facts

Price $2,000,000
Price Per Unit $250,000
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 3,770 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 2.12/1,000 SF

Unit Amenities

  • Kitchen
  • Oven
  • Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $1,575 750

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3133-006-0010
Land Assessment
$347,471
Improvements Assessment
$793,793
Total Assessment
$1,141,264

zoning

Zoning Code T3 L (Multiamily)
T3 L (Multiamily)
  • Listing ID: 30886191

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 1991 NW 32nd Ave, Miami, FL 33125

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