1 NE 78th St, Miami FL 33138
Income/MultiFamily in Miami
$2,600,000
Listing courtesy of Fausto Commercial Realty Consultants Inc; Vicente Rodriguez. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
Description
13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.
This income/multifamily home located at 1 NE 78th St, Miami FL 33138 is currently for sale and has been available on Brickellsold for 85 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1971. 1 NE 78th St, Miami FL 33138 is in Miami county Miami-Dade County.
Interior
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Property
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Construction
- Year Built: 1971
Community & HOA
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Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Jesse J. McCrary Jr. Elementary • 0.0 mi • K-12
- Dr. Marvin Dunn Academy For Community Education • 0.0 mi • K-12
- Horace Mann Middle • 0.0 mi • K-12
- Edison Park K-8 Center • 0.0 mi • K-12
- Morningside K-8 Center • 0.0 mi • K-12
- MDCPS Police Center • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.