Property summary
This exceptional 30-unit multifamily investment portfolio, located in Miami Beach's desirable North Beach neighborhood, presents a compelling value-add opportunity. Comprising three buildings totaling 21,408 square feet on a 16,800 square foot lot, this property offers significant upside potential. Currently boasting 100% occupancy with all 30 units (10 studios and 20 one-bedroom apartments) under month-to-month leases, immediate rent increases are feasible. The asking price is $7,300,000, translating to $340.99 per square foot and $243,333.33 per unit. The current NOI is $196,117, yielding a 2.69% cap rate
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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.
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