Fort Lauderdale Luxury & Waterfront Homes

641 NW 2nd St

Miami, FL 33128

MLS#: A11989831

$1,999,999

Status: Active
Listing number: A11989831
Listing provided by: Avenew Realty Corp
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1972

Sq.Footage

4,688

Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning. The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency. Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside. T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential. Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand. A flexible investment that delivers income today and scales for the future.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Assigned

  • Pool

    No

Area & Lot

  • Lot Size(square feet)

    7500.0

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,999,999

  • Tax Amount

    $26,931

  • Zoning

    4601

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Miami-Dade

Elementary School

Middle School

High School

Listing Courtesy of Ander Egurrola , Avenew Realty Corp

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Damian Cannon

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Prime Little River investment opportunity offering immediate income, value-add potential, and long-term redevelopment upside. Six-unit multifamily property consisting of all 2-bedroom, 1-bathroom units situated on a 7,500 SF lot with T6-8-O zoning. The property has been significantly upgraded with a new roof, updated electrical and plumbing systems, and completed 40-year recertification, providing a strong, low-risk foundation for any investor. Each unit includes assigned parking, and the building features on-site laundry, supporting tenant retention and operational efficiency. Currently generating approximately $138,000 annually, with a clear path to ~$168,000 through rent adjustments, this asset offers both in-place income and immediate upside. T6-8-O zoning allows for high-density multifamily or mixed-use development up to 8 stories, making this a true covered land play with long-term redevelopment potential. Strategically located minutes from Wynwood, the Design District, and Downtown Miami, with easy access to major highways and strong rental demand. A flexible investment that delivers income today and scales for the future.

641 NW 2nd St

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