Description

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St

Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units

With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized.

Zoned 6051 UC EDGE – MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity.

Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.

Overview

sqft
Area Size

0.47 sqft
Land Area

A12007908
Property ID

Details

Actualizado en abril 26, 2026 a 3:18 pm

Property ID A12007908
Price $1,400,000
Land Area 0.47 sqft
Property Status Commercial Land

Additional details

BuildingAreaUnits Square Feet
ContractStatusChangeDate 2026-04-13
CurrentUse Unimproved Multi Family (5+Units)
DaysOnMarket 0
ExpirationDate 2026-07-13
FrontageLength 65
GrossScheduledIncome 98624
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-295-9145
ListAgentEmail roel@keyrentermiamiwest.com
ListAgentFullName Roel Van de Ven
ListAgentKey 5e26a32d43c04ed8ab343a33a6e2d115
ListAgentMlsId 3559281
ListAgentOfficePhone 305-522-6005
ListAgentStateLicense 3559281
ListOfficeKey 3aab721e268ab18e184d817a9b6c22b6
ListOfficeMlsId VDVP01
ListOfficeName VDV Property Solutions Corp
ListOfficePhone 305-522-6005
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-04-13
ListingKey db27c4b3950d99fbee888cc7b4984215
LotFeatures City Location, Less Than 1 Acre
LotSizeDimensions 65x315
LotSizeSquareFeet 20500
MajorChangeTimestamp April 26, 2026 at 01:17pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp April 26, 2026 at 01:18pm
OnMarketDate 2026-04-13
OriginalEntryTimestamp April 26, 2026 at 01:17pm
OriginalListPrice 1400000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 30-31-03-000-0151
PhotosChangeTimestamp April 26, 2026 at 01:22pm
PhotosCount 9
Possession Negotiable
PossibleUse None
PostalCodePlus4 3506
PriceChangeTimestamp April 26, 2026 at 01:17pm
PublicSurveyRange 31
PublicSurveySection 0
PublicSurveyTownship 31
RoadFrontageType Public Road, State Road
Sewer Public Sanitation
ShowingContactType Agent
ShowingInstructions Call Listing Agent, Showing Assist
SourceSystemKey 459214000
StateOrProvince FL
StatusChangeTimestamp April 26, 2026 at 01:17pm
StreetDirPrefix NW
StreetName 90th St
StreetNumber 2540
StreetNumberNumeric 2540
SyndicationRemarks Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units With a projected pro forma rent of ~$11, 150/month (±$133, 800 annually) versus current income of ~$3, 150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. Zoned 6051 UC EDGE - MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity. Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.
TaxAnnualAmount 9136
TaxLegalDescription 3 53 41 .47 AC N230FT OF W100FT OF E275FT OF S1/2 OF NW1/4 OF SW1/4 OF SW1/4 LESS N25FT LOT SIZE 100.000 X 205 OR 19575-0507 0301 6 (2) COC
TaxYear 2025
Utilities Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available
WaterSource Municipal Water
Zoning 6051