Miami - Multifamily with 8stories redevelopment potential

Key Investment Highlights – Overtown | Miami, Florida 12-unit multifamily property located in the rapidly transforming Overtown neighborhood of Miami Unit mix: 11 two-bedroom / one-bath units + 1 one-bedroom / one-bath unit Approximately 6,234 SF rentable area on a 7,500 SF corner lot Zoned T6-8-O allowing up to 8 stories of future redevelopment potential Prime Transit-Oriented Location 0.3 miles from Culmer Metrorail Station 0.8 miles from Miami Central Brightline hub Near major demand drivers including: Jackson Health System Miami Dade College Walk Score: 88/100 with excellent access to transit, employment, education, and entertainment Strong Cash Flow & Rental Upside Current occupancy: 83.3% Average in-place rents: approximately $1,600/month Proven market rents within the building already reaching $1,950/month without renovations Five under-market units currently leased at only $1,450/month Stabilized projected NOI: approximately $147,139 annually through natural lease turnover alone Two vacant units provide immediate lease-up opportunity Additional Value-Add Potential Renovated units could achieve approximately $2,150/month rents Upside through cosmetic renovations: Updated kitchens Bathrooms Modern finishes No major capital improvements required to reach stabilized rent levels of $1,950/month Long-Term Redevelopment Opportunity T6-8-O zoning allows significant density and future redevelopment flexibility Corner parcel enhances design and redevelopment potential Attractive option for investors seeking long-term urban core appreciation Strong Market Fundamentals Significant nearby developments and infrastructure investments including: Atlantic Square (616 units) Culmer Place (239 units) Positioned in one of Miami’s fastest-growing urban corridors Offered well below replacement cost: Approximately $195,833/unit vs. $300,000+/unit for comparable new construction Investment Thesis Property offers a rare combination of: Immediate cash flow Proven rental upside Transit-oriented location Long-term redevelopment potential Strong appreciation prospects in Miami’s urban core.