Listing Summary
Explore a rare 16-unit multifamily portfolio for sale in North Beach, Miami. Featuring four adjacent fourplexes, stable cash flow, 6.00% cap rate, and massive upside. Ideal Miami real estate investment.
Full Description
Property Overview
Secure a rare 16-unit multifamily portfolio situated in one of Miami Beach’s most dynamic coastal neighborhoods. This premier investment offering consists of four adjacent fourplexes sitting on a generous 17,343 square foot lot with a total of 16,528 square feet of living space. Featuring strong in-place cash flow and significant rental upside, this asset is tailor-made for savvy investors seeking scale in North Beach.
Investment Highlights & Financials
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Asset Type: 16-Unit Multifamily Apartment Portfolio (Four Adjacent Fourplexes)
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Asking Price: $5,000,000
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Cap Rate: 6.00%
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Net Operating Income (NOI): Estimated at $299,769
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Gross Annual Income: $426,000
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Current Rent Roll: Rents currently range from $2,200 to $2,350 per month, driven by long-term, stable tenants with clear potential for organic rent growth.
Property Features & Improvements
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Unit Configuration: Spacious 2-bedroom, 1.5-bathroom layouts across every unit.
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Modern Conveniences: Every apartment features desirable in-unit laundry facilities and central air conditioning.
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Structural Compliance & Upgrades: Successfully passed its 40-year building recertification in 2023, with new roof permits currently in process to ensure long-term structural integrity.
Location Advantages
Positioned in the heart of North Beach, this portfolio places tenants minutes away from pristine beaches, local dining, and major upcoming neighborhood developments. Capitalize on a high-demand Miami Beach location experiencing continuous revitalization and soaring tenant demand.
Quick Glance
- Listing ID:
CL-Florida-28060
- Status:
Active
- Year Build:
N/A
- Building Size:
16,528 SqFt
- Lot Size:
17,343 SqFt
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