$1,250,000

Price reduced

650 NW 28th St, Miami FL 33127

3,204 sq ftBuilt 1972MLS# A12011733

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About this property

PRICE DROP Location, location, location. This is an ideal "covered land play" in the heart of Allapattah’s emerging WOW (West of Wynwood) District. Located just blocks from the Rubell Museum and the world-renowned Wynwood Arts District, this 4-plex represents a premier "path of progress" acquisition.This asset allows any investor to capture the massive spillover demand from Wynwood’s expansion while benefiting from Allapattah’s lower cost basis. The property’s footprint provides tenants immediate access to the high-end retail, dining, and creative offices of the NW 29th Street corridor.
With solid CBS "bunker" construction, the building is a perfect candidate for a value-add renovation to achieve market-leading rents or a high-yield short-term rental play. Whether positioned as a strategic land-hold or a "house hack" for a first-time investor, this is a high-upside addition to any sophisticated Miami portfolio.

Property details

Property type
Multi-family
Year built
1972
Living area
3,204 sq ft
Price per sq ft
$390
Property taxes
$13,567/yr
Parking
5 spaces
Building / community
Edgewood Sub
Status
Price reduced
MLS #
A12011733

Listing courtesy of Fausto Commercial Realty Consultants Inc.

Location

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