584 NW 65th St , Miami, FL 33150
Miami, FL 33150
Description
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.
Details
| MLS# | A11714783 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 20 |
| Listing Provided By | Gridline Properties | Alfredo Riascos |
Features
| SQ Feet | 8,340 |
|---|---|
| Story(s) | 2 |
| Zoning | 6107 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33150 |
| Area | 30 |
| Community Name | FOREST PARK |
| Listing VS Median (in FOREST PARK) | |
Price: $2,750,000 low | high Med: $375,750 SqFt: 8,340 low | high Med: 1,273 $ / SqFt: $330 low | high Med: $295 On Site: 20 low | high Med: 74.500000 | |