Multifamily Apartment
For Sale
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641 Palmetto Dr, Miami Springs, FL 33166
New multifamily project with 36 ground-floor parking spaces; estimated nearly 6% cap rate and ~$500,000 yearly gross revenue.
Property SizeContact for details
Days on Market126
Property Features for 641 Palmetto Dr
General Information
Standard status
Active
Total Parking Spaces
36
Property subtype
Multifamily
Listing Agency:
Real Estate Sales Force Coral Gables
(786) 420-1905
Listed By:
Harry Andrade · License #FL
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 9:13AM
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 Real Estate Sales Force Coral Gables
Investment Insights
Based on property information with market context.
This multifamily project includes 36 parking spaces on the ground floor. Completion is expected at the end of March, with the buildout currently listed as nearing finish.
The property is located at 641 Palmetto Dr in Miami Springs, FL 33166. Financial highlights provided with the listing include an estimated cap rate of nearly 6% and expected yearly gross revenue of roughly $500,000. The asking price is $6.7MM.
The property is located at 641 Palmetto Dr in Miami Springs, FL 33166. Financial highlights provided with the listing include an estimated cap rate of nearly 6% and expected yearly gross revenue of roughly $500,000. The asking price is $6.7MM.
Key Highlights
- New multifamily project with 36 ground‑floor parking spaces
- Estimated cap rate is nearly 6%
- Expected yearly gross revenue is roughly $500,000
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
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Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - New multifamily project with 36 ground-floor parking spaces; estimated nearly 6% cap rate and ~$500,000 yearly gross revenue.
Where is this multifamily property located?
The property is located at 641 Palmetto Dr Miami Springs, FL.
What are key features of this property?
This property features: New multifamily project with 36 ground‑floor parking spaces; Estimated cap rate is nearly 6%; Expected yearly gross revenue is roughly $500,000
