18-Unit Multifamily Building for Sale – Miami – By Owner Excellent investment opportunity! Multifamily building with 18 spacious two-bedroom apartments, located in a desirable area of Miami. This property offers a strong cap rate, stable tenants, and consistent rental income. Well-maintained and fully occupied, it’s ideal for both seasoned investors and newcomers looking to grow their portfolio in South Florida. - Great location - Income-producing property - High rental demand in the area - 3% commission offered - Owner Finincing Available Call me at: 786-317-8986 ...Or preferably email me at reynieracevedo@yahoo.com P R O P E R T Y M E M O R A N D U M Property Overview • Property Name: Kelly • Address: 1840 South Glade Dr, North Miami Beach, Florida 33162 • Type: Residential Multi-Family (18 Units – 2 Bedrooms, 1 Bathroom) • Asking Price: $5,400,000 USD • Occupancy: Fully Occupied • Zoning: Residential Multi-Family • Lot Size: 17,608 Sq Ft • Building Size: 15,910 Sq Ft • Year Built: 1990 • Renovated: 30-Year Re-Certification Passed in 2025 – New Roof (2024) and New Impact Windows Financial Overview Annual Gross Income: • Rental Income: $36,000.00 Monthly • Other Income (Laundry): $500.00 Monthly • Total Annual Income: $438,000.00 Operating Expenses (Annual): • Property Taxes: $39,173.00 • Insurance: $5,000.00 • Maintenance & Repairs: $20,000.00 • Utilities: • FPL: $1,800.00 • Water & Sewer: $12,500.00 • Garbage: $9,600.00 • Fire Alarm: $750.00 • Elevator: $1,500.00 • Property Management: $18,000.00 Total Expenses: $108,323.00 Net Operating Income (NOI): $329,677.00 CAP Rate: 6.10%