584 65th St ,Other, Triplex, Forest Park for Sale

584 65th St for Sale

Price $2,750,000.00

• Lot size 8340
• Year Build 1968
• Waterfront
• Zip 33150
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

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FOREST PARK PB 4-194 LOT 6 BLK 2 LOT SIZE 50.000 X 143 COC 24796-3162 07 2006 2

3/4 To Less Than 1 Acre Lot

This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:25.8348032,Cooling Y N:1,Heating Y N:1,List Price:2750000,Listing Id:A11714783,Longitude:-80.2064935,Mls Status:Active,Year Built:1968,Living Area:8340,Postal Code:33150,Street Name:65th St,Coordinates:1:25.8348032,Photos Count:4,Building Name:FOREST PARK,Lot Size Units:Square Feet,M I A M I R E_ Area:30,M L S Area Major:Forest Park,On Market Date:2024-12-27,Parcel Number:01-31-13-025-0200,Parking Total:16,Property Type:Residential Income,Stories Total:2,Street Number:584,M I A M I R E_ Style:Fourplex,Public Remarks:This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.,Structure Type:1:Triplex,County Or Parish:Miami-Dade County,List Office Name:Gridline Properties,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4368,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:FOREST PARK,Tax Annual Amount:32172,Unparsed Address:584 NW 65th St, Miami FL 33150,Listing Agreement:Exclusive Agency,Year Built Details:Unknown,Building Area Total:8340,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:329.7362,Original List Price:2750000,Public Survey Range:31,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.,Listing Contract Date:2024-12-27,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Call Listing Agent,Street Number Numeric:584,Tax Legal Description:FOREST PARK PB 4-194 LOT 6 BLK 2 LOT SIZE 50.000 X 143 COC 24796-3162 07 2006 2,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:6849,M I A M I R E_ Internet Remarks:Fully renovated 12-unit multifamily property,Contract Status Change Date:2024-12-27,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:329.74,