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$2,600,000
Est. payment /mo
6,395 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,395 sqft
Price per Sqft $406
MLS Listing ID A12011267
HOA Y/N No
Year Built 1971
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
13-unit multifamily asset strategically
located in the heart of Little River, one of
Miami's fastest-evolving urban
neighborhoods. Positioned on a prominent
corner lot with frontage along NE 78th
Street, the property benefits from strong
visibility, walkability, and quick connectivity
to the Design District, Wynwood, and
Downtown Miami, as well as major transit
corridors. Built in 1971, the two-story building
totals approximately 7,496 SF of living area
on a 13,063 SF lot and is currently operating
with stable in-place income. Offered at
$2,600,000, the property generates an in-
place NOI of approximately $191,000,
equating to a 7.35% cap rate, with modest
upside through rent growth and operational
efficiencies. A key value driver is the T6-8-O
zoning, which supports high-density mixed-
use redevelopment of up to eight stories,
positioning the asset for future
redevelopment, assemblage, or land-
banking as Little River continues its
transformation.
located in the heart of Little River, one of
Miami's fastest-evolving urban
neighborhoods. Positioned on a prominent
corner lot with frontage along NE 78th
Street, the property benefits from strong
visibility, walkability, and quick connectivity
to the Design District, Wynwood, and
Downtown Miami, as well as major transit
corridors. Built in 1971, the two-story building
totals approximately 7,496 SF of living area
on a 13,063 SF lot and is currently operating
with stable in-place income. Offered at
$2,600,000, the property generates an in-
place NOI of approximately $191,000,
equating to a 7.35% cap rate, with modest
upside through rent growth and operational
efficiencies. A key value driver is the T6-8-O
zoning, which supports high-density mixed-
use redevelopment of up to eight stories,
positioning the asset for future
redevelopment, assemblage, or land-
banking as Little River continues its
transformation.
Location
State FL
County Miami-dade
Area 30
Exterior
Private Pool Yes
Others
Tax ID 01-31-12-014-0150
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011267
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Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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