584 NW 65th St - Apartments FOR SALE


Miami, FL 33150
$2,750,000 USD
305-507-7098
584 NW 65th St, Miami, FL for Sale
$2,750,000 USD
Apartments - FOR SALE
1/4
null | 7.19% Cap Rate

584 NW 65th St
Miami, FL 33150


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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

12

PRICE/UNIT

$229,167

CAP RATE

7.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

584 NW 65th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,301 SF

ZONING

T5-L

APN/PARCEL ID

01-3113-025-0200,01-3113-025-0250

ASK ABOUT THIS PROPERTY

Ernie PerezGridline PropertiesMore Info
305-507-7098

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Ernie PerezGridline PropertiesMore Info
305-507-7098

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