top of page

640/725 Crespi apartments

Miami Beach, FL  33141

$5,600,000 USD

Apartments - 28 units - 6%cap  

Screenshot 2015-06-23 10.59.21_edited

Screenshot 2015-06-23 10.59.21_edited

Map details of buildings

Map details of buildings

Seven total buildings, 4 units in each building. Each unit is 3 bedrooms.

Contact listing agent:

Michael Davalos, P.A. 

(786) 295-9568



Thank you! Michael will call you shortly.

Michael's other listings

Land development

Miami Beach, FL


8,750 SF

7,000 SF LOT 

Land development

Miami Beach, FL


15,500 SF

12,600 SF LOT 

Land for Sale 


Price: $5,600,000

Lot Size: 56,683

Living area: 27,221

Noi: $337,000

Zoning: RM1 low density apartments or condos

Max living area allowed: 70,854 Potential to develop more on this land




A chance to own 28 3 bedrooms apartments. The upside potential in this deal is due to a large amount of unused FAR.  With RM 1 low density zoning this allows you to increase living area space considerably and attain a higher cap rate. Otherwise, you can continue to make a steady 6% cap rate. This is a chance to buy adjacent properties in the next up and coming area of Miami. 


bottom of page