Hotel opportunity, steps from Miami River

For sale


Property ID

4,688 SqFt



INTERIOR SHOWINGS ONLY WITH AN OFFER OR LOI. 6-Unit building on a 7,500 SF lot zoned T6-8-O, steps from 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.


  • Number Of Buildings: 1
  • Construction Materials: Concrete Block Construction
  • Buyer Agency Compensation: 2.5%

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Address: 641 NW 2nd St, Miami, FL
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 7054
  • Price $2,290,000
  • Property Type Hotel
  • Property status For sale
  • Year Built 1972
  • Size 4,688 SqFt
  • Keys 1


Zena Bardawell Farah

Property Agent
+1 305-967-7200
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