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Property profile & analytics
OFF-MARKET
Apartment buildings

611 74Th St Miami Beach, FL 33141

3,616 SF Built 1948
Property ID
US18-5790608
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1948
Total area 3,616 SF
UPID US18-5790608
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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