176 NE 68th St | Miami, FL 33138
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176 NE 68th St
Miami, FL 33138
Knight Center Apartments · Multifamily Property For Sale · 112 Units
Executive Summary
Discover an outstanding investment opportunity for Multifamily/Low-Rise/Garden investors in the Miami area. This impressive 57,969 SF property, built in 1947, features 112 residential units, strategically zoned T5-L to offer a multitude of redevelopment options. Situated on a 3.03-acre redevelopment site, the property holds the potential for 197 buildable units, making it an enticing prospect for expansion. Its strategic location, just minutes from Biscayne Blvd. and the I-95 Expressway, paired with its placement in a Qualified Opportunity Zone, enhances its investment appeal. This property presents a compelling and lucrative opportunity for investors in the thriving Miami real estate market.
PROPERTY FACTS
| Price Per Unit | $250,158 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.00 AC |
| Cap Rate | 5.65% | Building Size | 58,744 SF |
| No. Units | 112 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1947/2023 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price Per Unit | $250,158 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 58,744 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2023 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 64 | $1,300 | 461 - 477 |
| 2+1 | 48 | $1,700 | 592 - 605 |
PROPERTY TAXES
| Parcel Number | 01-3113-011-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,664,147 |
PROPERTY TAXES
Parcel Number
01-3113-011-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,664,147
zoning
| Zoning Code | R-3 (Residential) |
| R-3 (Residential) |
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