490 NE 62nd St - Apartments FOR SALE


Miami, FL 33138- Upper East Side North
$1,375,000 USD
954-995-8555
490 NE 62nd St, Miami, FL for Sale
$1,375,000 USD
Apartments - FOR SALE
1/16
null | 5.82% Cap Rate


HIGHLIGHTS

  • 6 Units just one block west of Biscayne Blvd.
  • 100% Occupancy
  • Value Add Potential
  • Redevelopment into 4-6 Luxury Townhomes
  • Potential Assemblage Opportunit

OVERVIEW

Chariff Realty Group proudly presents an exceptional investment opportunity within Miami’s thriving real estate market. This 6-unit multifamily property not only provides a steady income stream but also holds significant development potential for savvy investors. 490 NE 62 St is perfect for investors or developers looking to blend rental income with long-term growth through strategic redevelopment. This property’s prime & high-demand location and versatile potential make it a rare and valuable addition to any real estate portfolio. 6 Units Multifamily, 100% Occupancy, Value Add Potential, Redevelopment into 4-6 Luxury Townhomes, Potential Assemblage Opportunity.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

6

PRICE/UNIT

$229,167

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

T4-R

APN/PARCEL ID

01-3218-024-0280

ASK ABOUT THIS PROPERTY

Alejandro AgudeloChariff Realty GroupMore Info
954-995-8555

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Alejandro AgudeloChariff Realty GroupMore Info
954-995-8555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.