1031 NW 21st St, Miami, FL 33127 — MLS photo

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1031 NW 21st St, Miami, FL 33127

Active · MixedUse

$4,850,000

1031 NW 21st St, Miami, FL 33127

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1947
Lot size
19,880 sq ft
HOA fee
—
Annual tax
$48,400

About this property

Prime redevelopment opportunity at 1031 NW 21st St - a strategically located warehouse in Allapattah amid a surge of institutional and private investment. The neighborhood is experiencing substantial mixed-use and workforce housing activity driven by the Live Local Act; recent multistory residential and mixed-use entitlements and large refinancing transactions demonstrate strong demand. Ideal for an owner-user, conversion to residential or a higher-density Live Local redevelopment, or a value-add repositioning play. Close to transit corridors and major development nodes - rare land play. Recent activity - Live Local entitlements, refinancing and institutional interest for workforce sites - are driving land values higher and widening exit options.

Property location

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1031 NW 21st St, Miami, FL 33127

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse
Year built
1947
Lot size
19,880 sq ft

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$48,400
County
Miami-Dade
Days on market
359
MLS listing ID
A11869883
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,846

Cap rate
4.2%
Net yield
4.2%
Cash-on-cash return
-5.2%
Gross yield
6.6%
Mortgage payment
$22,991/mo
Down payment
$1,212,500
Loan amount
$3,637,500
Annual NOI
$205,740

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.