555-565 NE 149th St - Apartments FOR SALE


Miami, FL 33161- Golden Glades
$1,550,000 USD
954-256-5410
555-565 NE 149th St, Miami, FL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/14
null | 6.25% Cap Rate

555-565 NE 149th St
Miami, FL 33161
Golden Glades


HIGHLIGHTS

  • Superior Location & Amenities
  • Value Add Potential
  • Major Employment Area
  • Strong Rental Market
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the Santi Heights Flats, a multi-family investment property located at 555-565 NE 149th Street in North Miami, Florida (“The Property”). Santi Heights Flats was built in 1964 of reinforced concrete block and is comprised of two adjacent four-unit buildings that contain eight (8) residential units with 5,724 square feet of living area. The Property offers a unit mix of eight (8), spacious 1-Bedroom/1-Bathroom apartments, with an average of roughly 700 square feet per unit. On-site amenities include an unused laundry room with electrical and waterline hook-ups for additional income, plus ample parking for residents & guests. The Property offers a stable investment that has been well-maintained and under the same ownership since 2015. Highlights include fully equipped kitchens, with renovated units that include kitchen cabinets with quartz countertops, stainless steel appliances, new bathrooms that include pedestal vanities, low-flow toilets and fixtures, central air conditioning and tiled floors throughout. The two buildings are situated on a large 0.39- acre lot in Unincorporated Miami-Dade County and have completed the 40/10 Year Re-certification program in 2024, which is good until 2034. Santi Heights Flats is situated in an excellent location at the intersection of NE 149th Street with NE 6th Avenue (FL-915), the city’s primary northsouth artery that goes straight through the heart of downtown North Miami. The Property is conveniently located near an appealing array of retailers, restaurants, bars, and service amenities, public transportation options, major roads and is in close proximity to major attractions and points of interest in the area including Downtown Miami, the Miami-Opa Locka Executive Airport, Miami International Airport, Championship Golf Courses, and the World-Famous Miami Beaches.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santi Heights Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,801 SF

ZONING

-

APN/PARCEL ID

30-2219-042-0010

ASK ABOUT THIS PROPERTY

Hernando PerezHorvath & TremblayMore Info
954-256-5410

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Hernando PerezHorvath & TremblayMore Info
954-256-5410

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