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27919500
27919398

734 NW 80th St, Miami, FL 33150

CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$3,350,000
217 days on market
Updated 9 days ago

Little River Flats

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,880
Net Rentable (SqFt) 8,880
Units 16
Cap Rate 7.17%
NOI $240,242
Occupancy 100%
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $268,237
Price per SqFt $377
Broker Co-Op Yes
Class C
Year Built 1962
Buildings 2
Stories 2
Acreage 0.320
Investment Type Value Add
Ownership Fee Simple

Multifamily | 16 Units | $209,375/unit

Marketing description

Marcus & Millichap is pleased to present Little River Flats, a well-maintained 16-unit multifamily property located at 734 NW 80th Street, Miami, Florida 33150. Built in 1962, the property consists of one two-story building totaling 8,880 square feet on a 0.32 acre lot. The unit mix features sixteen one-bedroom / one-bathroom apartments averaging 555 square feet each. The property has been well cared for, featuring hurricane impact windows and doors, wall-unit air conditioning, and a flat concrete roof. Each unit is separately metered for electric, allowing for reduced ownership expenses and ease of management.

Strategically positioned in the Little River submarket of Miami, the property benefits from exceptional accessibility to major employment and lifestyle hubs such as Downtown Miami, Wynwood, the Miami Design District, and Miami Shores. The surrounding area has experienced significant investment and redevelopment, with a growing concentration of creative businesses, restaurants, and multifamily infill projects that continue to enhance the neighborhood’s appeal to renters.

With stable in-place income and continued rental growth supported by the area’s transformation, Little River Flats represents an attractive opportunity for investors seeking a well-located, cash-flowing multifamily asset in one of Miami’s fastest-evolving submarkets.

Investment highlights

  • Renovated With Hurricane Impact Windows and Doors, Granite Countertops and Stainless Steel Appliances
  • Flat Concrete Roof
  • All Section 8 Tenants With Guaranteed Income

Listing Contacts

CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,242.00
$20,020.17/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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Additional Information

Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
Name
Evan Richardson
License
FL SL3134745
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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