8-Unit Multifamily
570 NE 68th St Miami, FL 33138
For Sale
Contact for pricing
Zoned T5-L for short-term rentals by right; well-suited 8-unit building on a 7,200 sf lot.
Property Size3,796 SF
Lot Size0.17 Acres
Days on Market103
Property Features for 570 NE 68th St
General Information
- Standard status
- Active
- Size
- 3,796 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #BK3134747
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 5:52PM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This 8-unit multifamily property offers 3,796 leasable SF set on a large 7,200 sf lot. The building is zoned T5-L, which allows short-term rentals by right, providing an ownership structure aligned with vacation-rental operations.
Located in Miami’s Upper East Side district near Biscayne Blvd, the property is only a few minutes from Miami Beach.
Based on the seller’s vacation-rental assumptions, the property is projected to generate more than $301,440 in annual gross income, with projected net income of $249,531 at an assumed $120 per night rate and 20 days occupancy. Those projections are presented as supporting a 7.79% capitalization rate at full asking price.
Located in Miami’s Upper East Side district near Biscayne Blvd, the property is only a few minutes from Miami Beach.
Based on the seller’s vacation-rental assumptions, the property is projected to generate more than $301,440 in annual gross income, with projected net income of $249,531 at an assumed $120 per night rate and 20 days occupancy. Those projections are presented as supporting a 7.79% capitalization rate at full asking price.
Key Highlights
- 8‑unit multifamily building with 3,796 leasable SF on a 7,200 SF lot
- Zoned T5‑L, which allows short‑term rentals by right
- Projected to generate over $301,440 annual gross income as a vacation rental
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Zoned T5-L for short-term rentals by right; well-suited 8-unit building on a 7,200 sf lot.
Where is this apartment building located?
The property is located at 570 NE 68th St Miami, FL.
What are key features of this property?
This property features: 8‑unit multifamily building with 3,796 leasable SF on a 7,200 SF lot; Zoned T5‑L, which allows short‑term rentals by right; Projected to generate over $301,440 annual gross income as a vacation rental
