6930 15Th AveMiami, FL 33147

Property Details for 6930 15Th Ave

Year built

1948

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

476 SF

Zone code

4801:RESID-LIMITED RETAIL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-3114-015-0980

APU

131140150980

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $382,938

  6.5%

  $353,481

  7%

  $328,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,474

  Geo Method

  $282,474

• Alternative Use

  Use

  Valuation

  Residential

  $353,481

  Hospitality

  $323,786

  Educational

  $269,387

  Medical

  $278,651

  Retail

  $419,046

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8377

Longitude

-80.2234

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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