Listed by Fausto Commercial Realty Consultants
$2,600,000
1 NE 78 ST
Details
Property Type Multifamily
Sub Type Apartment Building
Units 13
Cap Rate 6.38%
NOI $166,000
Pro-Forma Cap Rate 7.25%
Pro-Forma NOI $188,500
Class C
LITTLE RIVER 13-UNIT CORNER ASSET
Marketing description
13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income.
Listing Contacts
Listed by Fausto Commercial Realty Consultants
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,000.00
$13,833.33/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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