769 NW 10th St - Apartments FOR SALE


Miami, FL 33136
$1,495,000 USD
305-608-6357
769 NW 10th St, Miami, FL for Sale
$1,495,000 USD
Apartments - FOR SALE
1/34
null | 6.82% Cap Rate

769 NW 10th St
Miami, FL 33136


HIGHLIGHTS

  • Sold with AIRBNB Account and bookings For immediate income and Continuous performance.
  • AMAZING FUTURE DEVELOPMENT OPPORTUNITY WITTH T6-8 O ZONING
  • OUTSTANDING LOCATION NEAR RIVERSIDE

OVERVIEW

LISTING DESCRIPTION Discover an exceptional investment opportunity in the heart of Miami's thriving Riverside neighborhood. This charming multifamily property boasts T6-8-O zoning, offering incredible development potential alongside immediate cash flow. Property Highlights: - Unit Breakdown: A 3-bedroom single-family home and four 1-bedroom units. - Current Operation: Highly successful Airbnb short-term rental, generating $170,000+ annually and over $220,000 in 2022. - Each Unit has over 500 airbnb reviews, Totaling close to 3000 reviews for the whole property. - Net Income: $100,000+ per year. - Future Bookings: More than $50,000 in confirmed bookings included with the sale - Zoning: T6-8-O, allowing for potential redevelopment or assemblage with adjacent properties. Prime Location: Nestled in Miami's vibrant Riverside neighborhood, this property offers easy access to Wynwood, Brickell, Little Havana, and the Design District, with Miami International Airport and Port of Miami just minutes away. Walking distance to the Health District and close to major highways, it's ideally positioned for both residents and visitors alike. Investment Appeal: This turnkey property delivers immediate income with its proven short-term rental success and 4.9-star guest satisfaction rating. The Riverside area’s ongoing gentrification, coupled with its vibrant mix of high-end restaurants, luxury developments, and cultural landmarks, makes this property a rare gem for investors seeking both stability and future growth potential. Whether you're looking to expand your real estate portfolio, capitalize on a booming rental market, or explore redevelopment opportunities, this property is your chance to own a piece of Miami's exciting future.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,000

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3135-027-0100

ASK ABOUT THIS PROPERTY

Thomas BichiKeller Williams Miami Beach RealtyMore Info
305-608-6357

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Thomas BichiKeller Williams Miami Beach RealtyMore Info
305-608-6357

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