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Property profile & analytics
OFF-MARKET
Commercial real estate

17031 21St Ave North Miami Beach, FL 33162

Built 1961
Property ID
US18-7929451
Property summary
AI-generated overview

This exceptional 16-unit multifamily property, located at 17031 NE 21st Ave in North Miami Beach, Florida, presents a compelling investment opportunity. Built in 1961, this two-story garden-style building offers a mix of one- and two-bedroom units, each equipped with ceramic and vinyl flooring, electric appliances, and wall air conditioning. Residents enjoy convenient amenities including an on-site laundry room and a fenced-in swimming pool. The building has recently undergone a fresh coat of paint, enhancing its curb appeal. Importantly, the City of North Miami Beach has completed building recertification, ensuring structural and electrical safety until 2031. This property benefits from its location in a thriving North Miami Beach neighborhood experiencing significant growth. Its proximity to shopping centers, diverse restaurants, beautiful beaches, recreational parks, I-95, major airports, places of worship, and the Brightline train station provides unparalleled convenience and accessibility. The asking price for this well-maintained and strategically positioned multifamily investment is $3,600,000. This represents a strong opportunity to capitalize on the continued growth and desirability of this vibrant area. The property's strong rental income potential, coupled with its recent upgrades and favorable location, makes it an attractive investment for discerning buyers.

Property profile
Verified
Property type Commercial real estate
Year built 1961
UPID US18-7929451
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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