Listing Summary
PRICE DROP! 32-unit Northridge Apartments in Miami, FL 33169. $7,000,000 ($218,750/unit) at a 6.66% Cap Rate. 100% occupied, NEW 2026 roof, PVC plumbing & resurfaced lot on 1.08 AC.
Full Description
Premier Miami Multifamily Investment: Northridge Apartments at 18101 NW 7th Avenue
Featuring major recent capital expenditures, a compelling 6.66% Cap Rate, and complete 100% average occupancy, Northridge Apartments at 18101 NW 7th Avenue, Miami, FL 33169 represents a standout commercial acquisition opportunity in North Miami-Dade County. Offered at a newly reduced price of $7,000,000 ($218,750 per unit), this 32-unit low-rise apartment community spans 32,988 square feet situated on a expansive 1.08-acre lot.
Designed for low-friction asset management and ongoing cash flow, the property has undergone massive infrastructure modernizations—including a brand-new roof installed in 2026, full replacement of underlying cast-iron plumbing with modern PVC, and a fully resurfaced parking lot—significantly minimizing near-term capital expenditure requirements for incoming ownership.
Commercial Property Facts & Key Financial Metrics
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Offering Price: $7,000,000 (PRICE DROP / REDUCED)
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Price Per Unit: $218,750 / Unit
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Capitalization Rate: 6.66% Cap Rate
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Total Units: 32 Units
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Property Name: Northridge Apartments
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Property Type: Commercial Multifamily / Low-Rise Apartment Building (Class C)
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Total Building Size: 32,988 SF
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Lot Size: 1.08 Acres / 47,044 SF
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Average Occupancy: 100% Occupied (Stabilized Turnkey Cash Flow)
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Year Built: 1968 (Fully Modernized Heavy Infrastructure)
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Zoning Code: RU-5 (Residential Urban District)
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Parking Ratio: On-Site Surface Parking (2.24 / 1,000 SF Ratio)
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Property Status: Active Commercial Investment Sale
Completed Major Capital Improvements & Value-Add Potential
Engineered with recent multi-thousand-dollar structural and utility upgrades:
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Brand-New 2026 Roof Installation: Fully replaced roof structure completed in 2026, offering long-term weather protection, lower insurance overhead, and zero immediate roof CapEx.
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Complete PVC Plumbing Conversion: All legacy underground cast-iron plumbing systems have been systematically replaced with modern PVC piping, eliminating common age-related maintenance issues.
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Resurfaced Surface Parking Lot: Smooth, freshly resurfaced asphalt parking lot providing clean curb appeal and ample parking across a spacious 1.08-acre footprint.
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High-Demand Unit Mix: Composed primarily of 23 spacious 2-bedroom / 1-bathroom units (~1,000 SF) and 9 functional 1-bedroom / 1-bathroom units (~750 SF), meeting strong local family workforce housing demand.
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Operational Amenities: Features central/wall air conditioning, heating, full kitchen suites (ranges and ovens), on-site property management, 24-hour access, and walk-up building design.
Prime Miami Gardens / North Miami-Dade Location
Positioned directly on NW 7th Avenue with rapid transit and employment connectivity:
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Direct Commuter Arterials: Located directly along NW 7th Avenue with immediate access to Interstate 95 (I-95), Palmetto Expressway (SR-826), Golden Glades Interchange, and Florida's Turnpike.
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High-Density Employment Corridors: Minutes from major commercial logistics centers, Hard Rock Stadium, Jackson North Medical Center, and North Miami retail centers.
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Public Transit Access: Fronts active public transportation routes and pedestrian/biking corridors, facilitating easy commutes for long-term resident tenants.
Whether you are seeking a stabilized 6.66% Cap Rate yield asset in Miami-Dade County, a value-add 32-unit apartment portfolio with new 2026 CapEx completed, or an investment with turnkey occupancy at 18101 NW 7th Avenue, Northridge Apartments delivers scale, location, and risk-mitigated performance.
Quick Glance
- Listing ID:
CL-Florida-28703
- Status:
Active
- Year Build:
1968
- Building Size:
23,635 SqFt
- Lot Size:
47,025.00 Acr
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Virtual Tour
Additional Contacts
Broker - FL 3366522
Joseph Suarez, Esq. - joey@trustpointrealty.com
(305) 200-0348