1021 NW 30th St, Miami, FL 33127

About 1021 NW 30th St, Miami, FL 33127

This 5 unit in the WOW district presents investors with a rare opportunity to acquire a renovated, income-producing 5-unit multifamily property in the heart of Allapattah, just minutes from Wynwood and the Rubell Museum. Built in 1936, the property consists of approximately 2,800 square feet of living area on a 5,005-square-foot lot, with an attractive unit mix of three 2-bedroom/1-bath apartments and two 1-bedroom/1-bath apartments. The property currently generates $10,100 per month in gross rental income, or $121,200 annually, with two units occupied by Section 8 tenants. The property has been renovated and well maintained, allowing a new owner to benefit from immediate in-place cash flow without having to undertake a significant renovation program upon acquisition. The apartment interiors are in excellent condition, while recent exterior improvements—including a fresh coat of paint and a renovated driveway—provide strong curb appeal and a well-maintained appearance. These improvements help position the asset as a turnkey investment with limited anticipated near-term capital expenditures, making it particularly attractive to investors seeking to acquire an operating property and begin collecting rent from day one. Adding to the property's operating efficiency, each unit is separately metered for electricity, allowing tenants to be responsible for their own electric consumption and helping reduce the owner's controllable operating expenses.

How This Listing Compares in Miami

Per square foot, it is asking 8% above the Miami median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 1021 NW 30th St, Miami, FL 33127

Flooring

Tile, Vinyl

Heating

Central

Cooling

Central Air

Architectural Style

Attached, Old Spanish

Pool Private

No

Year Built Details

Effective Year Built

The Building at 1021 NW 30th St, Miami, FL 33127

Building Name

SANTA CLARA SUB

Building Area Total

2800

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Lot, Views & Construction at 1021 NW 30th St, Miami, FL 33127

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Frame, Frame With Stucco

Roof

Built-Up

Sewer

Public Sewer

New Construction

No

Taxes & Public Record for 1021 NW 30th St, Miami, FL 33127

Parcel Number

01-31-26-036-0460

Tax Annual Amount

$12,182

Tax Year

2,025

Tax Legal Description

26 53 41 SANTA CLARA SUB PB 6-110 LOT 26 BLK 3 LOT SIZE 5005 SQUARE FEET OR 16292-2111 0194 4

Zoning

5700

County Or Parish

Miami-Dade County

Map & Neighborhood