535 73rd St - Apartments FOR SALE


Miami, FL 33141- North Shore
$2,250,000 USD
954-743-7594
535 73rd St, Miami, FL for Sale
$2,250,000 USD
Apartments - FOR SALE
1/25
null | 5.57% Cap Rate

535 73rd St
Miami, FL 33141
North Shore


HIGHLIGHTS

  • Fully Renovated Property: Updated with open-concept kitchens, hardwood floors, impact windows, and a new 2023 roof.
  • Oversized Unit Layouts: Eight spacious 1-bedroom/1-bath apartments with strong tenant appeal.
  • Proven Rental Performance: History of 100% occupancy and collections with long-term, credit-qualified tenants.
  • Prime North Beach Location: Just steps from the beach and minutes from Downtown Miami.
  • Secure & Well-Maintained Asset: Gated keypad entry, private garden, on-site laundry, and professional on-site management.

OVERVIEW

535 73rd Street is an 8-unit multifamily property located in the heart of North Beach, Miami Beach, consisting of eight oversized 1-bedroom/1-bath units. The property has been extensively renovated with open-concept kitchens, real hardwood flooring, full hurricane impact windows and doors, and a new roof installed in 2023, while also featuring a private garden, gated keypad entry, and on-site laundry. With a history of 100% occupancy and collections, long-term credit-checked tenants, and on-site management, the asset provides stable in-place cash flow and efficient operations. Positioned just steps from the beach and approximately 20 minutes from Downtown Miami, with convenient access to major transportation corridors, shopping, dining, and entertainment, the property represents an exceptional investment opportunity in one of South Florida's strongest rental markets.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$537 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,250

CAP RATE

5.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Apartments on 73rd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CD-2, Miami Beach

APN/PARCEL ID

02-3202-003-0881

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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