560 NW 1st St - Apartments FOR SALE


Miami, FL 33128
$2,700,000 USD
954-661-4908
560 NW 1st St, Miami, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/10
null | 5.22% Cap Rate

560 NW 1st St
Miami, FL 33128


HIGHLIGHTS

  • Superior Location
  • Desirable Unit Mix
  • Gut Renovated Turn-Key Asset
  • Desirable Asset with Rent Growth
  • Major Employment Area
  • Strong Rental Market

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a multifamily investment property located at 560 NW 1st Street in Miami, Florida (the “Property”). The three-story building contains a total of eight (8) residential units comprised of three (3), 1-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 5,725 square feet of living area in 6,414 square feet of total area on a 0.17-acre parcel of land. The Property has been well-maintained by the current ownership and includes eight (8) on-site parking spaces. 560 NW 1st Street enjoys a desirable location in Miami’s Riverside neighborhood, just one block from the Miami River. The meticulously maintained Property is positioned in a quiet residential enclave and is one block from W Flagler Street (SR 968), one of the area’s primary commercial and commuter corridors. The Property provides outstanding access to Downtown Miami and the employment, education, and entertainment venues the city offers. Additionally, Brickel, Biscayne Bay, Miami Beach, and the Miami Medical District are all within a few miles of the Property. The Property provides a rare opportunity to own a well-maintained and attractive, turn-key multi-family Property with unparalleled access to Downtown Miami.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

8

PRICE/UNIT

$337,500

CAP RATE

5.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

560 1st St Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

01-0201-000-1070

ASK ABOUT THIS PROPERTY

David CohenHorvath & TremblayMore Info
954-661-4908

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David CohenHorvath & TremblayMore Info
954-661-4908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.