4
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$2,750,000
Est. payment /mo
8,340 SqFt
New
584 NW 65th St Miami, FL 33150
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UPDATED:
12/28/2024 12:01 AM
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.
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