625 75th St - Apartments FOR SALE


Miami Beach, FL 33141- North Shore
$2,100,000 USD
786-378-1850
625 75th St, Miami Beach, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

625 75th St
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Walking distance to the beach, North Beach Oceanside Park, and transit to mainland Miami
  • Six units: four one-bedroom/one-bathroom apartments and two studios on a 5,500 SF lot
  • RM-1 residential multifamily zoning in Miami Beach's North Beach submarket
  • Hurricane impact windows and doors throughout, with modernized electrical and plumbing
  • Value-add upside remaining through cosmetic bathroom renovations and envelope improvements

OVERVIEW

6-unit multifamily building in Miami Beach's North Beach submarket — 3,400 SF on a 5,500-SF RM-1 lot, with renovated kitchens, hurricane impact windows and doors, and updated electrical and plumbing. The asset suits private investors and 1031 exchange buyers seeking an executable value-add play in a supply-constrained coastal submarket. The unit mix — four one-bedroom/one-bathroom apartments and two studio layouts — targets the workforce and young-professional renter base that drives North Beach demand. Substantial capital expenditures are already complete across critical infrastructure: upgraded kitchens, a full complement of hurricane impact windows and doors, and comprehensive modernization of both the electrical and plumbing systems. Built in 1951 and zoned RM-1, the building offers 3,400 square feet on a 5,500-square-foot lot. Remaining upside is cosmetic — bathroom modernization and long-term envelope improvements — allowing an owner to collect rental revenue from renovated core spaces while capturing mark-to-market appreciation. The property sits within walking distance of the beach and North Beach Oceanside Park in Miami Beach, Miami-Dade County, with major transit corridors nearby connecting to mainland Miami.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$518 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Beach 6-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RM-1

APN/PARCEL ID

02-3202-007-1940

ASK ABOUT THIS PROPERTY

Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

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Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

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