611 74Th St Miami Beach, FL 33141
This fully renovated, 4-unit apartment building presents a compelling investment opportunity in Miami Beach's desirable North Beach neighborhood. Located at 611 74th Street, just blocks from Collins Avenue, this two-story building boasts 3,616 square feet of living space, constructed in 1948. Each of the four units offers approximately 860 square feet, featuring two bedrooms and one bathroom. Recent renovations include new flooring, hurricane impact windows and doors, and split individual AC units. The units also benefit from new stainless steel appliances and open-concept kitchens. A shared washer and dryer is conveniently located for all tenants. The property also includes a well-maintained garden. All four units are currently occupied, providing immediate rental income. The building has undergone a 40-year certification, minimizing future maintenance and rehabilitation costs. North Beach is a thriving area experiencing strong rental demand and significant community growth, making this a highly attractive investment with excellent potential for long-term appreciation. The asking price for this turnkey property is $1,500,000.
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.