2540 NW 90th St, Miami, Florida 33147

Description

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th StrnrnRare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom unitsrnrnWith a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. rnrnZoned 6051 UC EDGE – MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity.rnrnIdeal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.