18101 NW 7th Ave - Apartments FOR SALE


Miami, FL 33169
$7,400,000 USD
305-200-0348
18101 NW 7th Ave, Miami, FL for Sale
$7,400,000 USD
Apartments - FOR SALE
1/9
null | 6.26% Cap Rate

18101 NW 7th Ave
Miami, FL 33169


HIGHLIGHTS

  • 32-Unit Multifamily Property in Miami Gardens
  • 100% occupied with strong in-place tenancy
  • Value-add opportunity through future rent growth and operational improvements

OVERVIEW

32-unit multifamily property located at 18101 NW 7th Avenue in Miami Gardens, Florida. The property features a unit mix of 23 two-bedroom / one-bath units and 9 one-bedroom / one-bath units situated on just over one acre of land. The building is currently fully occupied and provides stable in-place income with the potential for future rent growth. The property offers more than 50 on-site parking spaces and benefits from strong demand for workforce housing in the Miami Gardens submarket. Located along NW 7th Avenue with convenient access to major corridors including the Palmetto Expressway and I-95, the property is positioned near retail centers, employment hubs, and public transportation. The offering presents an opportunity for investors seeking a stabilized multifamily asset with long-term upside through operational improvements and market rent adjustments in a high-demand rental market.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

32

PRICE/UNIT

$231,250

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

RU-5

APN/PARCEL ID

34-2112-003-0370

ASK ABOUT THIS PROPERTY

Joseph SuarezTrustpoint Realty, LLC.More Info
305-200-0348

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Joseph SuarezTrustpoint Realty, LLC.More Info
305-200-0348

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