425 6Th AveMiami, FL 33130

Property Details for 425 6Th Ave

Year built

1981

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional multifamily investment opportunity presents a 3-unit apartment building situated in the vibrant heart of Miami, Florida, at 425 SW 6th Ave, zip code 33130. Built in 1981, this two-story structure boasts a total area of 5,000 square feet and offers significant potential for redevelopment or continued operation as a rental property. The property currently features three individual units, each equipped with wall air conditioning and a separate electric meter. A tankless water heater serves the building, and a convenient on-site coin laundry facility adds to its appeal. Residents enjoy the benefit of private parking spaces directly in front of the building, supplemented by ample free street parking. Its strategic location places it within easy reach of the Miami River, Downtown Miami, Brickell, Calle Ocho, the Brightline Station, Miami Dade College campus, and a wealth of dining, cultural attractions, and entertainment venues, including the Miami Heat arena and Marlins Stadium. Currently utilized as a long-term rental property, this property presents a compelling opportunity to increase revenue streams through short-term rentals or Airbnb. The property's prime location and existing infrastructure make it an ideal canvas for a developer seeking to create a high-yield multi-unit building. The asking price for this exceptional investment is $1,700,000.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7694

Longitude

-80.204

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