Address Map
Miami-Dade County
641 NW 2nd St
W81° 47' 40.7''
N25° 46' 33.7''
: Nw
Additional Information
Sigma Real Estate & Investment
: Concrete Block Construction
: Sale
Property Description

INTERIOR SHOWINGS ONLY WITH AN OFFER OR LOI. 6-Unit building on a 7,500 SF lot zoned T6-8-O, steps from the Miami River. Land bank opportunity with 6% cap rate in place. Buy and hold as multifamily, convert to short term rental, or knock down and build up to 26 units by right, or build a multifamily/hotel project with 10,000 SF or less with zero parking. Full CBS two-story 1970\'s construction. All units are 781 SF with 2-beds, and 1-bath. Total living area of 4,688 SF. Roof was completed in June of 2021. Adjacent to an incredible new construction luxury multifamily project. The property is currently producing $175k in annual gross rents, with an opportunity to increase rents to 200k gross annually ($2,800/unit) as leases expire. The apartments have been extensively remodeled.

This listing is courtesy of Sigma Real Estate & Investment.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0102000401100 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-2000-040-1100 (0102000401100)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records

Property Location*
Address: 641 NW 2 St
City: Miami
State: Florida
Zip Code: 33128-1552 (Listings)
County: Miami-Dade (Listings)
Building Size - English*
Living Square Feet: 4,688
Actual Square Feet: 4,688
Adjusted Square Feet: 3,943
Lot Size - English*
Lot Size (sf): 7,500
Lot Size (acres): 0.17
Building Size - Metric*
Living Square Meters: 435.53
Actual Square Meters: 435.53
Adjusted Sq M: 366.32
Lot Size - Metric*
Lot Size (sq m): 697
Lot Size (ha): 0.07
Zoning & Land Use*
Land Use: 0803 - Multifamily 2-9 Units : Multifamily 3 Or More Units
Zoning: 4601 - Multi-family - 8 Story &
Municipal Zoning: T6-8 R (Miami)
All Listed | All Properties
Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 03/03/2021
Amount: $900,000
Prior Sale #2* (Second to Last)
Type: Corrective, tax or QCD; min consideration
Qual: U
Date: 11/07/2017
Amount: $100
Prior Sale #3* (3rd to Last)
Type: Corrective, tax or QCD; min consideration
Qual: Q
Date: 04/01/1996
Amount: $162,500
Taxable Values*
Tax Year: 2022
Land: $675,000
Building: $222,561
Total: $897,561
Assessed: $897,561
County Taxable: $897,561
City Taxable: $897,561
Mill Code: 0100
Owner 1: Le Code International Llc
Mailing Address: 12895 Ne 1 Ave Ste B
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33161
Mailing Country: USA
Building Information*
Stories: 2
Units: 6
Year Built: 1972
Effective Year Built: 1972
Extra Features 1: Paving - Asphalt
Legal Description*
Legal Description Concatenated: CITY OF MIAMI SOUTH PB B-41 LOT 14 BLK 4 LOT SIZE 7500 SQUARE FEET OR 17205-2273 0496 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.

Commercial Sale

641 NW 2nd St, Miami, Florida 33128

Listing ID#A11258220
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11258220
Price : $2,290,000
Year Built : 1972
Built up area : 4,688 Sqft
Status : Active
Type of Business : Hotel/motel, Apartments