711 NW 1st St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$2,550,000 USD
305-951-5230
711 NW 1st St, Miami, FL for Sale
$2,550,000 USD
Apartments - FOR SALE
1/20
null | 5.5% Cap Rate

711 NW 1st St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Prime Location
  • Strong Investment Potential
  • Desirable Neighborhood
  • Future Growth & Development

OVERVIEW

Prime Investment Opportunity – Two Buildings, Eight Units This exceptional multifamily property consists of two separate folios with a total of eight rental units, offering a rare investment opportunity in one of Miami's most dynamic and rapidly growing areas. Strategically located just one minute from Brickell and within walking distance of Miami's top dining destinations like Seaspice and Kiki on the River, this property is perfectly positioned for strong rental demand. Currently generating a gross annual income of $216,000 this investment ensures immediate cash flow with room for potential rental increases. Riverside, a thriving neighborhood in Miami-Dade County, provides residents with a vibrant urban atmosphere, featuring trendy bars, renowned restaurants, charming coffee shops, and lush parks. The area is predominantly renter-occupied, making it an ideal location for multifamily investments. With convenient parking and situated in a high-demand rental market, this property is just 5 minutes from Brickell, 10 minutes from Downtown Miami, and Wynwood. Additionally, it sits in a zone with strong potential for future appreciation, making it a highly attractive asset for both seasoned investors and newcomers looking to capitalize on Miami’s booming real estate market. Don’t miss out on this high-yield investment in one of Miami’s most desirable neighborhoods!

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

8

PRICE/UNIT

$318,750

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Investment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

4601

APN/PARCEL ID

01-0200-070-1220

ASK ABOUT THIS PROPERTY

Alejandro PaezFlorida Brokers Intl' RealtyMore Info
305-951-5230

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Alejandro PaezFlorida Brokers Intl' RealtyMore Info
305-951-5230

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