Listed by Ana Rasco and Orlando Abella

Source: MIAMI Association of REALTORS® #A12060010

1121 Northwest 5th Street, Miami, FL, 33128

$790,000

2327 sq. ft.

Duplex

30+ days on the market

What's around 1121 Northwest 5th Street

About this property

Prime Development Opportunity!Exceptional opportunity to acquire 7,500-square-foot lot in rapid developing Riverside neighborhood, just minutes from LoanDepot Park (formerly Marlins Stadium). This property offers the potential to develop a 3 story 6-unit multifamily residential project in the heart of Little Havana.The existing improvements include a 2-bedroom, 1-bath single-family home and a separate 1-bedroom, 1-bath residence. Together, the two units are currently generating rental income, providing immediate cash flow while development plans and permitting are underway.Whether you're an investor or developer, this property offers an excellent combination of current income and future development potential in one of Miami's most active growth corridors.

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