Property summary
This exceptional investment opportunity presents a 20-unit apartment building in North Miami Beach, Florida. The property, encompassing 12,536 square feet on a 0.44-acre lot, consists of three two-story buildings constructed in 1960. The building features a mix of 14 one-bedroom and 6 two-bedroom apartments, many with updated kitchens and bathrooms. Amenities include a central courtyard with a gated swimming pool, and while washer/dryer hookups exist, they are currently unused. The property… boasts 9 on-site parking spaces, supplemented by ample street parking. Current occupancy stands at 95%, generating a Net Operating Income (NOI) of $249,673, with a projected NOI of $305,161. The asking price is $4,400,000, representing $220,000 per unit and a current cap rate of 5.67%, projected to increase to 6.94%. The property's prime location offers easy access to major roadways (I-95, SR 826, Florida's Turnpike), shopping centers (Walmart, Home Depot, Publix), and numerous parks and recreational facilities, including Victoria Park and its aquatic center. The property is situated in a quiet residential neighborhood, close to City Hall and other municipal services. The concrete block construction with central air conditioning ensures durability and efficiency. This value-add opportunity presents significant potential for increased returns through further renovations and optimized management strategies. The property's strong location and unit mix make it an attractive investment for discerning buyers.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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