36 NE 65th St - Apartments FOR SALE


Miami, FL 33138- Little River
$4,500,000 USD
305-209-8866
36 NE 65th St, Miami, FL for Sale
$4,500,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

36 NE 65th St
Miami, FL 33138
Little River


HIGHLIGHTS

  • Desirable unit mix appealing to the local workforce housing market with consistent occupancy and cash flow.
  • Current rents are below market, providing potential for increased revenue through interior renovations and rent optimization.
  • Little Haiti is experiencing significant investment and revitalization, enhancing property appreciation prospects.
  • Easy access to major highways (I-95 and US-1), public transportation, and employment centers, increasing tenant retention and demand.

OVERVIEW

The Porosoff Group is pleased to present the exclusive offering of 36 NE 65th Street, a 24-unit multifamily property located in the vibrant Little Haiti neighborhood of Miami. This two-story building features a desirable unit mix catering to the strong demand for affordable and workforce housing in the area. Strategically positioned just east of North Miami Avenue, the property benefits from proximity to the Miami Design District, Wynwood, and Midtown, offering tenants access to major employment centers, retail, and cultural amenities. The asset provides investors with immediate cash flow and significant upside potential through interior renovations and rent optimization, as current rents remain below market averages. Little Haiti continues to experience rapid growth and redevelopment, attracting both local and national investment, enhancing the long-term value of multifamily assets in the submarket. This offering represents an exceptional opportunity to acquire a well-located, stable multifamily investment with strong in-place income and additional value-add potential in one of Miami’s most dynamic emerging neighborhoods.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

25

PRICE/UNIT

$180,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,878 SF

ZONING

R-3

APN/PARCEL ID

01-3113-019-0210

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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