Mixed Use | Historic Buena Vista | 4670 NE 2nd Ave
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Mixed Use | Historic Buena Vista 4670 NE 2nd Ave
15 Unit Apartment Building $10,000,000 ($666,667/Unit) 5.55% Cap Rate Miami, FL 33137
Executive Summary
Metro 1 Commercial presents exclusively for sale the property located at 4670 NE 2 Avenue (“The Property”).
The Property is located in the historic Buena Vista neighborhood at the intersection of NE 2 Avenue and NE 47 Street, only three blocks away from the Design District and minutes from Wynwood, Midtown, Edgewater, Downtown, Brickell, Little River/Little Haiti, and the Magic City Innovation District. Also, Biscayne Boulevard and I-195 are just one minute to the east.
The Property features two retail bays of 1,705 SF and 3,150 SF plus two additional stories with 15 units currently used as short term rentals.
This location is close in proximity to excellent food & beverage experiences such Mandolin Aegan Bistro, Upper Buena Vista’s offerings, Lemoni Café, COTE Korean Steakhouse, La Martola, and Shokudo.
The Property is located in the historic Buena Vista neighborhood at the intersection of NE 2 Avenue and NE 47 Street, only three blocks away from the Design District and minutes from Wynwood, Midtown, Edgewater, Downtown, Brickell, Little River/Little Haiti, and the Magic City Innovation District. Also, Biscayne Boulevard and I-195 are just one minute to the east.
The Property features two retail bays of 1,705 SF and 3,150 SF plus two additional stories with 15 units currently used as short term rentals.
This location is close in proximity to excellent food & beverage experiences such Mandolin Aegan Bistro, Upper Buena Vista’s offerings, Lemoni Café, COTE Korean Steakhouse, La Martola, and Shokudo.
Property Facts
| Price | $10,000,000 | Building Class | B |
| Price Per Unit | $666,667 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 9,710 SF |
| Cap Rate | 5.55% | No. Stories | 3 |
| No. Units | 15 | Year Built | 2019 |
| Property Type | Multifamily | Parking Ratio | 1.41/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $10,000,000 |
| Price Per Unit | $666,667 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 9,710 SF |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
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Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 01-3124-017-1120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,367,199 |
PROPERTY TAXES
Parcel Number
01-3124-017-1120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,367,199
zoning
| Zoning Code | T4L (Multifamily) |
| T4L (Multifamily) |
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Andres Nava -
Metro 1 Commercial
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Mixed Use | Historic Buena Vista | 4670 NE 2nd Ave
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