Miami, FL 33150,584 NW 65th St
Miami, FL 33150,584 NW 65th St
Miami, FL 33150,584 NW 65th St
Miami, FL 33150,584 NW 65th St
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$ 2,750,000
Est. payment | /mo

8,340 SqFt


$ 2,750,000
Est. payment | /mo

8,340 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,340 sqft

Price per Sqft $329

Subdivision Forest Park

MLS Listing ID A11714783

Construction Status Unknown

HOA Y/N No

Year Built 1968

Annual Tax Amount $32,172

Tax Year 2024

Property 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.

Location

State FL

County Miami-dade

Community Forest Park

Area 30

Interior

Heating Other

Cooling Other

Flooring Other

Exterior

Pool None

Utilities Available Cable Available

Roof Type Other

Total Parking Spaces 16

Building

Lot Description <1 Acre

Story 2

Sewer Other

Level or Stories Two

Structure Type Other

Construction Status Unknown

Others

Tax ID 01-31-13-025-0200

Acceptable Financing Other

Listing Terms Other

Listed by Gridline Properties
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584 NW 65th St