Little River Co-op
For Sale
$150,000
70 NW 77th St 11, Miami, FL 33150
Co-op in Little River with high ROI potential.
Property Size551 SF
Days on Market315
Property Features for 70 NW 77th St 11
General Information
Standard status
Active
Size
551 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$2,031
Building Details
Building Size
551 SF
Year Built
1961
Stories
2
Listing Agency:
Echo International Realty, LLC.
Listed By:
Gustavo Ramos · License #3397720
(305) 731-1242
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 7
Last Checked: Oct 7 at 1:01PM
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 Echo International Realty, LLC.
Investment Insights
Based on property information with market context.
Located in Little River, Miami, this co-op offers an investment opportunity with a potential ROI of 8%. The property is part of a quiet, gated complex consisting of 28 units. The building features a modern art-deco design and a new roof. The unit is currently rented for $1500 per month until May 31, 2025. One assigned parking space is included. The occupancy rate is 100%. The building is in the process of passing the 40-year recertification. The property is situated next to Wynwood and the Design District, with convenient access to I-95. A new commuter train stop with service to downtown Miami has been approved and is under construction nearby. The property was featured in Apple TV's series, Now & Then. There are three more rented units available for purchase in the building.
Key Highlights
- Great ROI: 8%
- Rented at $1500/month until May 31, 2025
- New roof and no special assessment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,179
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,580
$203.6K
Cap Rate 7%
$145,414
$145.4K
Cap Rate 9%
$113,100
$113.1K
Market Conditions
NOI Build-Up for 551 SF
Gross rent
$19.8K $36.00/SF
− Vacancy
−$1.3K −$2.41/SF
EGI
$18.5K $33.59/SF
− OpEx
−$8.3K −$15.11/SF
NOI
$10.2K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,580
Cap Rate 7%
$145,414
Cap Rate 9%
$113,100
Alternative Uses
Best Use
Apartment 5plus
$145.4K
$127.2K – $169.7K
NOI $10,179 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.9K
$325.4K – $433.9K
NOI $26,035 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Co-op in Little River with high ROI potential.
Where is this apartment building located?
The property is located at 70 NW 77th St 11 Miami, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Great ROI: 8%; Rented at $1500/month until May 31, 2025; New roof and no special assessment
