734 NW 80th St - Apartments FOR SALE


Miami, FL 33150- West Little River
$3,700,000 USD
305-510-6627
734 NW 80th St, Miami, FL for Sale
$3,700,000 USD
Apartments - FOR SALE
1/5
null | 7.04% Cap Rate

734 NW 80th St
Miami, FL 33150
West Little River


HIGHLIGHTS

  • Property spans 17,250 SF of land and 8,880 SF of building area
  • Situated in the thriving 79th Street Corridor, adjacent to a vacant lot with direct access to 79th Street
  • Stabilized asset offering immediate cash flow and long-term redevelopment potential
  • Zoned NCUAD and eligible under the Live Local Act, allowing potential redevelopment of 60–75 units (subject to approvals)

OVERVIEW

Presenting a fully renovated 16-unit multifamily asset in the heart of Miami’s surging 79th Street Corridor. Located at 734 NW 80th St and connecting to 79th street with adjacent vacant lot, this stabilized property offers immediate cash flow and long-term redevelopment upside. The site encompasses 17,250 SF of land and 8,880 SF of building area, with all units being one-bedroom/one-bath and fully occupied at strong in-place rents averaging $1,950/month. Zoned NCUAD and eligible under the Live Local Act, the property offers the potential to redevelop up to 60–75 units, subject to approvals. Just one block from I-95 and fronting a high-traffic corridor (35,000+vehicles/day), this site sits within a designated Opportunity Zone, surrounded by new mixed-use and multifamily development.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

16

PRICE/UNIT

$231,250

CAP RATE

7.04%

% LEASED

69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

NCUAD/RU-2, County

APN/PARCEL ID

30-3111-006-0140,30-3111-006-0180

ASK ABOUT THIS PROPERTY

Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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Vicente RodriguezFausto Commercial Realty ConsultantsMore Info
305-510-6627

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