1506 NW 70th St Miami, FL 33147

Listing agency Campos Commercial Real Estate LLC v*@faustocommercial.com Show Phone

Listed by Francisco Campos · License #3368417

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:40AM Checked: Jul 22 at 11:31AM

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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.

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.

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FAQs

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.