584 NW 65th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33150
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,340 sqft
Price per Sqft $329
Subdivision Forest Park
MLS Listing ID A11714783
Construction Status Unknown
HOA Y/N No
Year Built 1968
Annual Tax Amount $32,172
Tax Year 2024
Property Sub-Type Triplex
Property 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.
Location
State FL
County Miami-dade
Community Forest Park
Area 30
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Roof Type Other
Total Parking Spaces 16
Private Pool No
Building
Lot Description <1 Acre
Story 2
Sewer Other
Level or Stories Two
Structure Type Other
Construction Status Unknown
Others
Tax ID 01-31-13-025-0200
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11714783