Listing Summary
13-Unit Multifamily Asset for Sale in Little River, Miami – 1 NE 78th Street
Full Description
Fausto Commercial Realty presents a premier multifamily investment opportunity at 1 NE 78th Street, Miami, FL. Located in the heart of the rapidly evolving Little River corridor, this 13-unit apartment building offers a rare combination of immediate, stable cash flow and significant long-term redevelopment potential.
Investment Highlights
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Stable Income & Yield: The property features a total of 7,496 SF of living area on a 13,063 SF corner lot. With an asking price of $2,600,000, it produces an in-place NOI of ~$166,000, delivering a 6.39% cap rate.
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Prime Urban Location: Situated in one of Miami’s most dynamic growth markets, the property benefits from excellent visibility, high walkability, and seamless access to the Design District, Wynwood, and Downtown Miami.
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Significant Redevelopment Upside: The property is zoned T6-8-O, permitting high-density, mixed-use development up to eight stories. This zoning provides a major value-add driver for developers looking for assemblage or land-banking strategies in a high-demand urban neighborhood.
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Proven Operational Asset: Built in 1971 and currently fully operational, this asset allows investors to capitalize on immediate rental income while maintaining the flexibility for future site intensification.
Quick Glance
- Listing ID:
CL-Florida-27930
- Status:
Active
- Year Build:
1971
- Building Size:
7,496 SqFt
- Lot Size:
13,063 SqFt