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1621 Nw 60th St
Miami, FL 33142
Multifamily Property For Sale
·
30 Units
Investment Highlights
- 30-unit multifamily property in an established Miami rental neighborhood
- Constructed in 1996 with durable design and walk-up access, ensuring long-term functionality
- Well-positioned near public transit routes, major roads, and community retail services
- Situated on a 0.73-acre parcel with zoning that supports multifamily use and adaptability
Executive Summary
This 30-unit multifamily property offers a compelling opportunity for investors seeking stable income in Miami’s growing rental market. Located in the Liberty City submarket, the property spans 0.73 acres and encompasses 25,499 square feet across two stories. Constructed in 1996, the building features low-rise apartment living with a functional unit mix, including two- and three-bedroom floorplans. Each unit is equipped with essential amenities such as kitchens with ovens and refrigerators, air conditioning, and private balconies, catering to resident comfort.
Positioned within an Opportunity Zone, this asset provides the additional benefit of potential tax advantages for qualifying investors, enhancing long-term appeal. Site amenities include 24-hour access, professional property management, and close proximity to public transportation, fostering strong occupancy and connectivity for residents. The property’s favorable zoning (3901) further strengthens its operational flexibility.
Residents enjoy convenient access to key Miami thoroughfares, retail services, and employment centers, making this property both a practical housing solution and a strategic investment play. With consistent regional demand for affordable housing and limited new supply in the immediate area, ownership can leverage occupancy stability while exploring value-add potential through unit modernization or operational efficiencies.
Positioned within an Opportunity Zone, this asset provides the additional benefit of potential tax advantages for qualifying investors, enhancing long-term appeal. Site amenities include 24-hour access, professional property management, and close proximity to public transportation, fostering strong occupancy and connectivity for residents. The property’s favorable zoning (3901) further strengthens its operational flexibility.
Residents enjoy convenient access to key Miami thoroughfares, retail services, and employment centers, making this property both a practical housing solution and a strategic investment play. With consistent regional demand for affordable housing and limited new supply in the immediate area, ownership can leverage occupancy stability while exploring value-add potential through unit modernization or operational efficiencies.
Property Facts
| Price Per Unit | $112,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Cap Rate | 6.93% | Building Size | 25,499 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 3901 | ||
| Price Per Unit | $112,000 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 25,499 SF |
| No. Stories | 2 |
| Year Built | 1996 |
| Opportunity Zone |
Yes |
| Zoning | 3901 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 7 | - | - |
| 2+1.5 | 14 | - | - |
Property Taxes
| Parcel Number | 01-3114-035-2170 | Improvements Assessment | $593,500 |
| Land Assessment | $556,500 | Total Assessment | $1,150,000 |
Property Taxes
Parcel Number
01-3114-035-2170
Land Assessment
$556,500
Improvements Assessment
$593,500
Total Assessment
$1,150,000
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