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

    **** Southwest 7th Street Miami FL 33130

    $6,250,000

    Active
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    Brickell Commercial Investment Opportunity | 16 Units + 16 More | Up-To $35M–$45M Potential ROI! 1 / 29

    Property Details

    CountyMiami-Dade
    StatusActive
    Sale Comps$22,000,000 - $45,000,000
    Rental Comps$88,000 - $95,000

    Description

    • Rare value-add multifamily opportunity just minutes from Brickell.
    • The property currently consists of 16 existing units 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

    Location

    $6,250,000

    Active


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