For Sale
$379,000

6930 15Th AveMiami, FL 33147

2-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-unit apartment building in Miami, Florida, ideally situated at 6930 NW 15th Ave, 33147. The property, built in 1948 and extensively renovated in 2022, boasts a total of 1,687 square feet across two buildings on a 2,500 square foot lot. The property features one renovated office/retail space and one separate residential unit, offering a flexible mix-use zoning (T4-O). Each unit is priced at $189,500, with a total asking price of $379,000. The property's strong financial performance is highlighted by a pro-forma NOI of $39,490 and a pro-forma cap rate of 10.42%. The land value alone is significant, with a price per square foot of $198. This prime location in Miami's Liberty City neighborhood is directly adjacent to the new Related Group New Liberty Square development, promising significant future appreciation. The property benefits from its Opportunity Zone designation, further enhancing its investment appeal. This is a rare chance to acquire a renovated, income-producing asset in a rapidly developing area with high potential for growth. The property's strong cash flow, combined with its strategic location and mixed-use zoning, makes it an attractive investment for both seasoned and new investors. The building is a single-story structure.

Highlights

  • Opportunity Zone designation.
  • Mix-use zoning (T4-O).
  • Renovated 1,687 SF building with one office/retail space and one residential unit.
  • Located in Miami's Liberty City, adjacent to Related Group's New Liberty Square development.
  • $379,000 asking price; $189,500 per unit; 10.42% pro-forma cap rate; $39,490 pro-forma NOI.

Property Details for 6930 15Th Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
1,687 SF
Class
D
Year Built/Renovated
1948/2022
Buildings
2
Stories
1
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.83780148642
Longitude
-80.223140683113
6930 15Th Ave, Miami, Florida

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6930 15Th Ave
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