650 NW 28th St

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650 NW 28th St

Miami, FL 33127
Asking Price
$1.35M
Asset Type
Multifamily
Class
Class B

What's Special

650 NW 28th St is located in the Wynwood neighborhood of Miami, Florida. This area is characterized by a mix of street art, converted warehouses, and modern residential developments. The property is positioned near the Wynwood Walls and the Midtown Miami shopping district, offering proximity to numerous restaurants, galleries, and retail outlets. Access to major transportation routes is provided via nearby Interstate 95 and North Miami Avenue, facilitating transit to Downtown Miami and the Health District. As a multifamily asset, this location is suited for residential redevelopment or the management of boutique apartment units. The typical tenant profile includes urban professionals and creative-sector workers who prioritize proximity to Wynwood’s employment hubs and nightlife. The neighborhood’s density and walkable infrastructure support long-term residential use catering to individuals seeking an amenity-rich environment within Miami’s urban core.

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761

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