650 NW 28th St

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650 NW 28th St

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

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Miami
  • Total asking price set at one million three hundred fifty thousand dollars
  • Asset located within the 33127 zip code area
  • Strategic position within a prominent South Florida metropolitan market
  • Suitable for investors targeting established residential income streams

What's Special

Priced at $1,350,000, this multifamily apartment building located at 650 NW 28th St presents a functional investment prospect in Miami. The asset resides within a dense urban landscape characterized by consistent rental demand and proximity to the evolving Wynwood and Edgewater districts. Miami continues to benefit from steady population growth and an expanding workforce, making well-positioned residential inventory a staple for long-term income strategies. Investors may find value in this asset as a core addition to a local portfolio, suitable for various management strategies ranging from value-add renovations to stabilized operations. The property sits within Miami-Dade County, providing access to major transit arteries and the broader South Florida economic corridor. Prospective owners should review local zoning and site specifications to determine the most effective path toward optimizing unit performance and long-term asset appreciation within this high-demand metropolitan market.

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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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