650 NW 28th Street, Miami, FL 33127

$1,350,000
3,204
SqFt

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List Price
$1,350,000
Days on Market
102
MLS#
A12011733
Year Built
1972
Living Area
3,204
MLS Area Major
2310

Property Description

Location, location, location. This is an ideal "covered land play" in the heart of Allapattah’s emerging WOW (West of Wynwood) District. Located just blocks from the Rubell Museum and the world-renowned Wynwood Arts District, this 4-plex represents a premier "path of progress" acquisition.This asset allows any investor to capture the massive spillover demand from Wynwood’s expansion while benefiting from Allapattah’s lower cost basis. The property’s footprint provides tenants immediate access to the high-end retail, dining, and creative offices of the NW 29th Street corridor.With solid CBS "bunker" construction, the building is a perfect candidate for a value-add renovation to achieve market-leading rents or a high-yield short-term rental play. Whether positioned as a strategic land-hold or a "house hack" for a first-time investor, this is a high-upside addition to any sophisticated Miami portfolio.

Additional Information

Taxes
$13,567
Utilities
Cable Not Available
Heating
None, Separate Meters
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block
Roof
Shingle
Elementary School
Paul Laurence Dunbar K-8
Middle School
Georgia Jones-Ayers
High School
Miami Jackson

Listing courtesy of Fausto Commercial Realty Consultants Inc.

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Calculator source: Real Geeks