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Property profile & analytics
FOR SALE
Small apartment buildings

655 NE 135Th St North Miami, FL 33161

Built 1951
Property ID
US18-9551608
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1-story, 1951-built duplex located at 655 NE 135th St, North Miami, FL 33161, in Miami-Dade County. Priced at $850,000, this property boasts a strong rental income stream. The duplex features five units currently rented on a month-to-month basis, generating a total gross monthly income of $8,700. The unit breakdown includes: one 2-bedroom, 1-bathroom unit renting for $2,600; another 2-bedroom, 1-bathroom unit at $2,500; one studio at $1,100; another studio at $1,000; and a 1-bedroom, 1-bathroom unit at $1,500. The property benefits from a recently replaced roof (July 22, 2024), minimizing immediate maintenance concerns. This property is being sold "as is," and prospective buyers are encouraged to conduct a thorough inspection. Due to the multiple tenants, scheduling a comprehensive viewing of the entire property may present logistical challenges. This is an ideal investment for business-minded individuals seeking a high-return property in a desirable North Miami location. The property is conveniently situated in the heart of North Miami, offering easy access to local amenities and transportation.

Property profile
Verified
Property type Small apartment buildings
Year built 1951
UPID US18-9551608
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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