Habitat Realty is pleased to present this unique investment opportunity for the acquisition of a Duplex with two 3 bedroom / 1 bathroom apartments with a solid cash flow.
1590 NW 38th St, Miami, FL 33142
The duplex has 5,840 square foot lot with T6-8 Open zoning, which allows 150 units per acre. The Duplex is located in a limited sector of blocks with high density in Allapattah neighborhood, being able to build 20 units in a building of up to 8 stories high. The Duplex is just 4 blocks away from Allapattah metro Station, 8 minutes away from Jackson Hospital and just 5 minutes from Wynwood and Design District area. An area that is rapidly expanding and experiencing revitalization. Around the corner is 17 Avenue with easy access to 112 and I95. Actual Cap Rate 6.7%