490 NE 62nd St
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490 NE 62nd St
6 Unit Block of Flats £1,086,264 (£181,044/Unit) 5.82% Net Initial Yield Miami, FL 33138
Investment Highlights
- 6 Units just one block west of Biscayne Blvd.
- Value Add Potential
- Potential Assemblage Opportunit
- 100% Occupancy
- Redevelopment into 4-6 Luxury Townhomes
Executive Summary
Chariff Realty Group proudly presents an exceptional investment opportunity within Miami’s thriving real estate market. This 6-unit multifamily property not only provides a steady income stream but also holds significant development potential for savvy investors.
490 NE 62 St is perfect for investors or developers looking to blend rental income with long-term growth through strategic redevelopment. This property’s prime & high-demand location and versatile potential make it a rare and valuable addition to any real estate portfolio.
6 Units Multifamily, 100% Occupancy, Value Add Potential, Redevelopment into 4-6 Luxury Townhomes, Potential Assemblage Opportunity.
490 NE 62 St is perfect for investors or developers looking to blend rental income with long-term growth through strategic redevelopment. This property’s prime & high-demand location and versatile potential make it a rare and valuable addition to any real estate portfolio.
6 Units Multifamily, 100% Occupancy, Value Add Potential, Redevelopment into 4-6 Luxury Townhomes, Potential Assemblage Opportunity.
Property Facts
| Price | £1,086,264 | Apartment Style | Low Rise |
| Price Per Unit | £181,044 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Net Initial Yield | 5.82% | Building Size | 3,050 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1938 |
| Price | £1,086,264 |
| Price Per Unit | £181,044 |
| Sale Type | Investment |
| Net Initial Yield | 5.82% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,050 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1938 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | £1,007 | 300 |
| 2+1 | 2 | £1,323 | 750 - 1,100 |
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01-3218-024-0280 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £401,367 |
PROPERTY TAXES
Parcel Number
01-3218-024-0280
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£401,367
zoning
| Zoning Code | T4-R (Multifamily) |
| T4-R (Multifamily) |
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Alejandro Agudelo -
Lyle Chariff -
Mauricio Zapata -
Chariff Realty Group
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490 NE 62nd St
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