1621 Nw 60th St - Apartments FOR SALE


Miami, FL 33142- Liberty City
$3,360,000 USD
786-367-0508
1621 Nw 60th St, Miami, FL for Sale
$3,360,000 USD
Apartments - FOR SALE
1/22
null | 6.93% Cap Rate

1621 Nw 60th St
Miami, FL 33142
Liberty City


HIGHLIGHTS

  • 30-unit multifamily property in an established Miami rental neighborhood
  • Well-positioned near public transit routes, major roads, and community retail services
  • Constructed in 1996 with durable design and walk-up access, ensuring long-term functionality
  • Situated on a 0.73-acre parcel with zoning that supports multifamily use and adaptability

OVERVIEW

This 30-unit multifamily property offers a compelling opportunity for investors seeking stable income in Miami’s growing rental market. Located in the Liberty City submarket, the property spans 0.73 acres and encompasses 25,499 square feet across two stories. Constructed in 1996, the building features low-rise apartment living with a functional unit mix, including two- and three-bedroom floorplans. Each unit is equipped with essential amenities such as kitchens with ovens and refrigerators, air conditioning, and private balconies, catering to resident comfort. Positioned within an Opportunity Zone, this asset provides the additional benefit of potential tax advantages for qualifying investors, enhancing long-term appeal. Site amenities include 24-hour access, professional property management, and close proximity to public transportation, fostering strong occupancy and connectivity for residents. The property’s favorable zoning (3901) further strengthens its operational flexibility. Residents enjoy convenient access to key Miami thoroughfares, retail services, and employment centers, making this property both a practical housing solution and a strategic investment play. With consistent regional demand for affordable housing and limited new supply in the immediate area, ownership can leverage occupancy stability while exploring value-add potential through unit modernization or operational efficiencies.

FOR SALE DETAILS

PRICE

$3,360,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

30

PRICE/UNIT

$112,000

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,816 SF

ZONING

3901

APN/PARCEL ID

01-3114-035-2170

ASK ABOUT THIS PROPERTY

Patricia DillardThe NDI Group Inc.More Info
786-367-0508

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Patricia DillardThe NDI Group Inc.More Info
786-367-0508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.