14-Unit Multifamily Income
For Sale
Contact for pricing
Pending
1506 NW 70th St, Miami, FL 33147
A 14-unit multifamily with studios, one-bedroom units, and individually rented rooms, currently serving 20 tenants.
Property SizeContact for details
Days on Market118
Property Features for 1506 NW 70th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
14
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Campos Commercial Real Estate LLC
(305) 510-6627
Listed By:
Francisco Campos · License #3368417
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 6 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Campos Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This 14-unit multifamily property is currently configured with four studios and two one-bedroom, one-bath units, along with additional individual rooms rented for separate occupancy. At present, the property houses a total of 20 tenants. Reported monthly gross income is $10,350, with monthly expenses of $2,425, resulting in a stated monthly NOI of $95,100 annually.
The building is positioned on a developing corridor in Miami, FL, adjacent to the New Liberty Square project by the Related Group.
Operationally, the property is supported by seven electric meters and six water meters. The roof was replaced five years ago and is described as being in excellent condition. The layout is described as two efficiency units and one one-bedroom unit at the front, two efficiency units and one one-bedroom unit at the back, and upstairs space consisting of ten bedrooms, two bathrooms, and a kitchen.
The building is positioned on a developing corridor in Miami, FL, adjacent to the New Liberty Square project by the Related Group.
Operationally, the property is supported by seven electric meters and six water meters. The roof was replaced five years ago and is described as being in excellent condition. The layout is described as two efficiency units and one one-bedroom unit at the front, two efficiency units and one one-bedroom unit at the back, and upstairs space consisting of ten bedrooms, two bathrooms, and a kitchen.
Key Highlights
- 14‑unit multifamily property with a mix of four studios, two 1BR/1BA units, and fourteen individually rented rooms.
- Current income and expenses: $10,350 monthly gross income and $2,425 monthly expenses; NOI of $95,100.
- Seven electric meters and six water meters for utility billing.
Property Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A 14-unit multifamily with studios, one-bedroom units, and individually rented rooms, currently serving 20 tenants.
Where is this apartment building located?
The property is located at 1506 NW 70th St Miami, FL.
What are key features of this property?
This property features: 14‑unit multifamily property with a mix of four studios, two 1BR/1BA units, and fourteen individually rented rooms.; Current income and expenses: $10,350 monthly gross income and $2,425 monthly expenses; NOI of $95,100.; Seven electric meters and six water meters for utility billing.
