Located just minutes from Greynolds Park, Oleta River Park, and the FIU Biscayne Bay Campus 1.


Property

Website:https://www.nestseekers.com/5525458
Address:
North Miami Beach, FL 33162
Ownership: For Sale
Type: Unknown

Financials

Price:$2,500,000
Annual Taxes:$28,600

Description

Located just minutes from Greynolds Park, Oleta River Park, and the FIU Biscayne Bay Campus (1.5 miles northwest), this stable 12-unit multifamily asset offers an ideal blend of nature and convenience. Built in 1978 and constructed with durable concrete block, stucco finish, and gable roofs, the property features approximately 10,284 total square feet across a highly desirable unit mix:(10) 1-Bed / 1-Bath Lofts: Averaging ±650 sq. ft. each (6,500 sq. ft. total rentable)(2) 2-Bed / 1-Bath Units: Averaging ±850 sq. ft. each (1,700 sq. ft. total rentable)The property is priced to deliver an attractive projected 6.25% capitalization rate based on market-rate rent optimization. Residents enjoy exceptional lifestyle amenities and commuter connectivity, with Aventura Mall less than 9 minutes away, alongside immediate access to Biscayne Boulevard and I-95.

Amenities

  • CableAvailable
  • LessThanQuarterAcre

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Cube Realty