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584 NW 65th St, Miami FL 33150

Multi-family For Sale
$2,750,000

BTC: 28.64743878

ETH: 822.34874764

1 days
0 room(s)
8,340 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Location

Florida • Miami • 33150 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1968
Lot:
No Data
Heating:
Other
Price/sqft:
$330
Cooling:
Other
HOA:
No Data
All facts and features

  • Flooring

    • Other

    Heating

    • Other

    Cooling

    • Other

  • Other Property Information

    • Parcel Number: 01-31-13-025-0200

    • Zoning: 6107

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $32,172

  • Source details

    • MLS ID: A11714783

    Other facts

    • Construction Materials: Other

    • Lot Features: 3/4 To Less Than 1 Acre Lot

    • Architectural Style: Other

    • Living Area: 8340

    • Subdivision Name: FOREST PARK

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Gridline Properties