4670 2Nd Ave Miami, FL 33137

This exceptional Class A mixed-use property in Miami's Buena Vista neighborhood offers a compelling value-add investment opportunity. The 23,468 square foot building, constructed in 2019, boasts 15 short-term rental units and two retail spaces totaling 17 units, all currently at 100% occupancy. The property features 22 on-site parking spaces and sits on a 12,062 square foot lot zoned T4-L. With a current Net Operating Income (NOI) of $555,340 and a pro-forma NOI of $697,838, this property presents a strong 5.55% cap rate and a projected 6.98% pro-forma cap rate. The asking price is $10,000,000, translating to $588,235 per unit. Its prime location, just blocks from the Design District and minutes from other thriving Miami neighborhoods, ensures strong rental demand and significant upside potential. The 15,558 square feet of rentable space is strategically divided between the retail spaces (1,705 SF and 3,150 SF) and the residential units, maximizing income streams. This three-story building represents a rare opportunity to acquire a high-performing asset in a rapidly appreciating market. The property's proximity to major thoroughfares like Biscayne Boulevard and I-195 further enhances its accessibility and desirability.