584 Nw 65th St
Miami, Florida
$2,750,000 Rental Price
- Bedrooms   - Baths

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....

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.

Listing courtesy of Gridline Properties

 

Listing Details

New Listing
Miami, Florida
Type: Rental
Price: $2,750,000
Approx. square footage: 8,340 sf
Date Listed: 12/27/2024
Web ID: 11714783
MLS ID: A11714783

Info & Amenities

Type: Triplex
Built: 1968
Pool: Yes

Listing Agent(s)