2379 172 St North Miami Beach, FL 33160
- Commercial real estate
- 5,066 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2379 172 St
- Year built
- 1969
- Property size
- 5,066 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit multifamily property, located at 2379 NE 172nd St in North Miami Beach, Florida, 33160, presents a compelling investment opportunity. The 5,066 square foot building, constructed in 1969, boasts a two-story design and is built with durable concrete block construction. Recent upgrades include a new metal roof, impact windows and doors, and fresh exterior paint. Approximately 90% of the units have been remodeled, offering modern interiors to tenants. The unit mix consists of three 2-bedroom/1-bathroom units and three 1-bedroom/1-bathroom units, all currently generating a steady cash flow with one-year leases in place, some with long-term tenants. The property includes central air conditioning and ample parking spaces. A convenient on-site laundry room provides additional income potential. This property benefits from its prime location near Aventura, beaches, parks, shopping centers, schools, hospitals, and public transportation (Brightline train and bus stations). Its proximity to Biscayne Boulevard adds to its desirability. The property's low operating costs and a readily available team of contractors for maintenance ensure efficient management. The high demand for quality rentals in this area, coupled with the potential for rent increases, makes this a truly attractive investment with a proven track record of strong performance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1529016
- Latitude
- 25.9350351
