2540 NW 90th St, Miami FL 33147

Closed

$1,400,000

Days on Market

Description

Value-Add Multifamily Opportunity with Significant Upside – 2540 NW 90th St Rare opportunity to acquire a 7-unit, 12 bed, 7 Bath multifamily property in Miami-Dade with substantial value-add and redevelopment potential. The property is currently only 28.6% occupied (2 of 7 units). Mix of 4 x 2 bedroom and 3 x 1 bedroom units With a projected pro forma rent of ~$11,150/month (±$133,800 annually) versus current income of ~$3,150/month, investors can achieve a 3-4X increase in gross income by stabilizing the asset. Laundry Income Potential in Storage Unit currently not being utilized. Zoned 6051 UC EDGE - MIXED USE CORRIDOR (MC) 4 MAX HT. Located near Rapid Transit Zones (RTZ) and eligible for Live Local Act (SB102) incentives, this asset presents both a strong cash-flow play and long-term redevelopment opportunity. Ideal for investors seeking a value-add renovation, or future redevelopment in a high-demand rental corridor.

Facts

MLS#: A12007908
Subdivision: —
Property Type: Commercial Land
Property Sub Type: —
Year Built: —
Lot Size: 20,473 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 19 days
Listed: Apr 13, 2026
Last Updated: Jun 9, 2026
Price/Lot Sq.Ft.: $68/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

6/9/2026	Sold	$1,400,000
4/13/2026	Listed for sale	$1,400,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

2540 NW 90th St, Miami FL 33147Directions

Estimated Monthly Payment

$8,768/mo

Principal & Interest

$7,451

Property Tax

$1,167

Insurance

$150

HOA

Down Payment20% ($280,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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