Investment & Wholesale Real Estate — Buy. Fix. Profit.

Brickell Commercial Investment Opportunity | 16 Units + 16 More | Up-To $35M–$45M Potential ROI!

**** Southwest 7th Street Miami FL 33130

$6,250,000

Active

Share: Facebook X LinkedIn Email

1 / 29

Rare value-add multifamily opportunity just minutes from Brickell.
The property currently consists of 16 existing units on an approx. 15,000 sq.ft. lot with the ability to add 16 additional units vertically, bringing the total to 32 units without demolishing the existing building.
The offering materials project average rents of approximately $2,750 per month for 32 rentable units following completion, with a base-case annual NOI of approximately $611,691.
Just appraised at $6.75M!
Vacant lot 4000 sf larger than subject just sold for $11.9M around the corner!
The site is zoned T5-L, allowing up to 5 stories by right.
Can be upgraded 24 stories under Florida's Live Local Act through an administrative approval process, subject to meeting applicable requirements.
Located less than half a mile from Brickell City Centre, the property benefits from immediate access to Brickell, Downtown Miami, Metrorail, Metromover, The Underline, I-95, Publix, Whole Foods, Walgreens, CVS, and numerous restaurants and retail destinations.
Projected Development Potential:
T6-8 Scenario: 70–80 units projected Estimated finished asset value: $22M–$28M
T6-12 Scenario: 110–120 units projected Estimated finished asset value: $35M–$45M

Active