584 NW 65th St, Miami FL 33150

584 65th St, Miami, FL, 33150
$2,750,000

Basics

Date added Added 3 hours ago Category Type Status
Area, sq ft 8340 sq ft Lot size, sq ft 0 sq ft Year built 1968 SubdivisionName FOREST PARK
ListOfficeName Gridline Properties ListAOR Miami Association of REALTORS® RentIncludes None MLS ID A11714783

Description

  • 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

  • CountyOrParish: Miami-Dade County

Building Details

  • Cooling features: Other
  • ArchitecturalStyle: Other
  • ParkingTotal: 16
  • NewConstructionYN: No
  • Building Name: FOREST PARK
  • Heating: Other
  • Exterior material:
  • Roof:

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: Yes
  • PoolPrivateYN: No
  • FireplaceYN: No

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