1864 NORTH WEST 28TH ST, Miami
$1,449,999 USD
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| Address | 1864 NORTH WEST 28TH ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Commercial / Residential Income |
| Business Location | In Residential Area |
| Property Style | Income Non-Waterfront |
| Price | $1,449,999 |
| Previous Price | $1,475,000 (18 days ago) |
| Property Status | Active |
| MLS Number | A11897683 |
| Property Size | 9975 |
| Lot Size | 9975 |
| Year Built | 1976 |
| Parking Space Number | 7 |
| Folio Number | 01-31-27-038-0020 |
| Gross Operating Income | $115,500 |
| Zoning Information | 3900 |
| Days on Market | 148 |
Detailed Description: Turnkey 5-unit multifamily in Allapattah area. Property sits on a gated 9,975 sq.ft lot with on-site parking and upgraded interiors. (3) 1BD + (2) 2BD units. Recent renovations include new kitchens, new bathrooms, impact windows, and updated interiors. Features separate electric meters, low operating expenses, and on-site laundry. Strong Section 8 rental potential and upside in rents. Zoning (T4-R) allows for value-add or redevelopment potential. Ideal for buy-and-hold investors, 1031 exchange buyers, or cash-flow seeking operators seeking a Miami multifamily asset. Located minutes to Wynwood, Midtown, Health District, and major highways. Great income-producing opportunity with long-term appreciation in Miami’s urban core.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33142 |
| Address | 1864 NORTH WEST 28TH ST |
| Business Location | In Residential Area |
| Section | 27 |
| Zip Code (4 Digits) | 6027 |
Financial Information
| Price | $1,449,999 |
| Price per Foot | $0 |
| Previous Price | $1,475,000 |
| Folio Number | 01-31-27-038-0020 |
| Gross Operating Income | $115,500 |
| Tax Amount | $15,719 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | Turnkey 5-unit multifamily in Allapattah area. Property sits on a gated 9,975 sq.ft lot with on-site parking and upgraded interiors. (3) 1BD + (2) 2BD units. Recent renovations include new kitchens, new bathrooms, impact windows, and updated interiors. Features separate electric meters, low operating expenses, and on-site laundry. Strong Section 8 rental potential and upside in rents. Zoning (T4-R) allows for value-add or redevelopment potential. Ideal for buy-and-hold investors, 1031 exchange buyers, or cash-flow seeking operators seeking a Miami multifamily asset. Located minutes to Wynwood, Midtown, Health District, and major highways. Great income-producing opportunity with long-term appreciation in Miami’s urban core. |
| Year Built Description | Resale |
| Roof Description | Shingle |
| Cooling Description | Central Individual A / C, Wall / Window Unit (s) |
| Heating Description | Wall / Window Units |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Assigned, On Street |
Property parameters
| Living Area | 9975 |
| Lot Size | 9975 |
| Total Acreage | 0.230 |
| Zoning Information | 3900 |
| Maximum Leasable Size | 9975 |
| Year Built | 1976 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Commercial / Residential Income |
| Style | Income Non-Waterfront |
| Construction Type | Concrete Block Construction |
| Stories Number | 1 |
| Street Direction | North West |
| Parking Space Number | 7 |
| Listed with | Douglas Elliman |