About This Property

13-unit multifamily asset strategicallylocated in the heart of Little River, one ofMiami’s fastest-evolving urbanneighborhoods. Positioned on a prominentcorner lot with frontage along NE 78thStreet, the property benefits from strongvisibility, walkability, and quick connectivityto the Design District, Wynwood, andDowntown Miami, as well as major transitcorridors. Built in 1971, the two-story buildingtotals approximately 7,496 SF of living areaon a 13,063 SF lot and is currently operatingwith stable in-place income. Offered at$2,600,000, the property generates an in-place NOI of approximately $191,000,equating to a 7.35% cap rate, with modestupside through rent growth and operationalefficiencies. A key value driver is the T6-8-Ozoning, which supports high-density mixed-use redevelopment of up to eight stories,positioning the asset for futureredevelopment, assemblage, or land-banking as Little River continues itstransformation.

Key Features

• 13,063 sq ft Lot
• Built in 1971

Property Details

• Type: Single Family Home
• Year Built: 1971
• Lot Size: 13,063 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 13,063 sq ft Lot
• Feature: Built in 1971
• Status: Active
• MLS Number: 1159170847
• Days on Market: 206
• Listed By: Fausto Commercial Realty Consultants Inc · Vicente Javier Rodriguez
• Zip Code: 33138