13-unit multifamily asset strategicallylocated in the heart of Little River, one ofMiami’s fastest-evolving urbanneighborhoods. Positioned on a prominentcorner lot with frontage along NE 78thStreet, the property benefits from strongvisibility, walkability, and quick connectivityto the Design District, Wynwood, andDowntown Miami, as well as major transitcorridors. Built in 1971, the two-story buildingtotals… Read More approximately 7,496 SF of living areaon a 13,063 SF lot and is currently operatingwith 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 modestupside through rent growth and operationalefficiencies. A key value driver is the T6-8-Ozoning, which supports high-density mixed-use redevelopment of up to eight stories,positioning the asset for futureredevelopment, assemblage, or land-banking as Little River continues itstransformation. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Vicente Javier Rodriguez, 786-748-7373.
Listing Snapshot
Days Online
180
Last Updated
Property Type
Multi Family
Square Ft.
6,395
Lot Size
0.3 Acres
Year Built
1971
MLS Number
A12011267
30 Days Snapshot Of 33138
$298k
0%
(avg) sold price
0
-100%
homes sold
98
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1971, Toal building area: 6395
Lot
0.3 acres
Property
Zoning: 6100
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