605 NW 34th Ave, Miami FL 33125 | Miami-Dade County | A11988951

This property is a 6-unit residential compound located at 605 NW 34th Ave in Miami, Florida. It consists of two distinct buildings on a large 10,400 square foot lot. The first structure is a standalone 3-bedroom, 2-bathroom single-family home built in 1948. The second is a two-story apartment building with five 1-bedroom, 1-bathroom units, constructed in 1963. Both buildings are made of solid concrete block and offer strong foundational qualities. The property is currently generating a gross income of $97,045 and a net operating income of $66,255. Rents are below market, suggesting potential for increased returns through repositioning. Each unit has good bones, making them suitable for renovation and modernization. The total living area across the compound is approximately 5,334 square feet, offering a mix of space that could be tailored to meet the needs of a buyer looking to invest in multifamily housing. Situated in a high-demand growth area, the property is in close proximity to the Magic City Casino and the future Miami Freedom Park, home to the Inter Miami Stadium. It also offers convenient access to the 836 Expressway, making it easy to reach Miami International Airport, the Health District, and Downtown Miami. For more information or to discuss the opportunity, call 305-859-4733.