251 NW 57th Ave - Apartments FOR SALE


Miami, FL 33126- Flagami
$2,600,000 USD
786-716-2254
251 NW 57th Ave, Miami, FL for Sale
$2,600,000 USD
Apartments - FOR SALE
1/21
null | 8% Cap Rate

251 NW 57th Ave
Miami, FL 33126
Flagami


HIGHLIGHTS

  • High-performing income-producing multifamily asset
  • Proven STR model with established revenue stream
  • Turnkey investment – fully equipped & operational
  • Value-add potential through rate & occupancy optimization
  • Ideal for cash-flow investors & portfolio expansion
  • All serious offers considered

OVERVIEW

Turnkey 4-unit multifamily investment opportunity located in the heart of Miami. This fully renovated property is currently operating as a high-performing short-term rental asset, generating approximately $17,000 per month (~$208,000 annually) with proven income history. All units have been recently updated and are being sold fully furnished with complete inventory included, allowing a seamless transition for the next owner to continue operations from day one. The property is strategically positioned near Miami International Airport and major transportation corridors, making it highly attractive for short-term rental demand. This is a rare opportunity to acquire a stabilized, income-producing asset in a prime Miami location with immediate cash flow and strong upside potential through optimization of occupancy and nightly rates. Investment Highlights: 4 fully renovated units (turnkey condition) Active short-term rental operation Approx. $208K annual gross income Inventory included in sale Immediate income from day one Strong demand location Seller Motivation: Ownership is motivated and seeking a fast and efficient closing. All serious offers will be considered. Ideal for investors seeking a cash-flowing asset in a high-demand rental market. Note: Financials and additional documentation available upon request. Proof of funds required for full disclosure.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$690 USD /SF

# OF UNITS

4

PRICE/UNIT

$650,000

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,650 SF

ZONING

R-3

APN/PARCEL ID

01-4106-017-0420

ASK ABOUT THIS PROPERTY

Abel Diaz BaracaldoRejoice Realty Group IncMore Info
786-716-2254

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Abel Diaz BaracaldoRejoice Realty Group IncMore Info
786-716-2254

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