584 NW 65th Street | 584 NW 65th St
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584 NW 65th Street 584 NW 65th St
12 Unit Apartment Building $2,750,000 ($229,167/Unit) 7.19% Cap Rate Miami, FL 33150
Executive Summary
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.
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.
Property Facts
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $229,167 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 8,340 SF |
| Cap Rate | 7.19% | No. Stories | 2 |
| No. Units | 12 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 4.06/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,750,000 |
| Price Per Unit | $229,167 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,340 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 4.06/1,000 SF |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,815,275 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,815,275
zoning
| Zoning Code | T5-L |
| T5-L |
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584 NW 65th Street | 584 NW 65th St
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