Value-add “compound” opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and “great bones,” providing the perfect canvas for an investor to renovate and capture massive rental upside.
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Property Details
Price:
$1,700,000
MLS #:
A11988951
Status:
Active
Beds:
0
Baths:
0
Address:
605 NW 34th Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
12TH ST MANORS
Neighborhood:
12thstmanors
City:
Miami
Listed Date:
Mar 20, 2026
State:
FL
Finished Sq Ft:
5,334
Total Sq Ft:
5,334
ZIP:
33125
Year Built:
1963
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Schools
Interior
Cooling
Central Air
Flooring
Terrazzo, Tile
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
Concrete Block Construction
Parking Spots
7
Roof
Shingle
Financial
Tax Year
2025
Taxes
$16,038
Map
Community
- Address605 NW 34th Ave Miami FL
- Subdivision12TH ST MANORS
- CityMiami
- CountyMiami-Dade County
- Zip Code33125
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