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1800 NE 170th St 4 Unit Apartment Building $1,250,000 ($312,500/Unit) 7.59% Cap Rate Miami, FL 33162
Investment Highlights
- Desirable Unit Mix: Four spacious units featuring two 2-bedroom/2-bath units and two 3-bedroom/2-bath units.
- Large Multi-Unit Asset: Approximately 4,414 square feet across a well-maintained two-story building.
- Prime North Miami Beach Location: Minutes from Sunny Isles Beach, Aventura Mall, major employers, and transportation routes.
- Strong Income Potential: Pro forma gross operating income of approximately $120,000 annually.
- High-Demand Rental Market: Located in a growing corridor with strong tenant demand and long-term appreciation potential.
- Day-One Cash Flow Opportunity: Income-producing asset with immediate operational potential.
Executive Summary
Positioned in the heart of North Miami Beach, 1800 NE 170th Street presents a rare opportunity to acquire a 2-story multi-unit asset in one of South Florida’s most dynamic and rapidly appreciating corridors. The property spans approximately 4,414 SF and features four units, including two 2-bedroom / 2-bath units and two 3-bedroom / 2-bath unit. Ideally located just minutes from Sunny Isles Beach, Aventura Mall, FIU, Miami International Airport, and major roadways, the location supports strong rental demand and long-term growth. With a pro forma gross operating income of approximately $120,000, this property offers investors a spacious, income-producing asset in a high-demand market from day one.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$116,400
|
$19.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,400
|
$19.61
|
| Taxes |
$12,754
|
$2.15
|
| Operating Expenses |
$8,782
|
$1.48
|
| Total Expenses |
$21,536
|
$3.63
|
| Net Operating Income |
$94,864
|
$15.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $19.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $19.61 |
| Taxes | |
|---|---|
| Annual | $12,754 |
| Annual Per SF | $2.15 |
| Operating Expenses | |
|---|---|
| Annual | $8,782 |
| Annual Per SF | $1.48 |
| Total Expenses | |
|---|---|
| Annual | $21,536 |
| Annual Per SF | $3.63 |
| Net Operating Income | |
|---|---|
| Annual | $94,864 |
| Annual Per SF | $15.98 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,414 SF |
| Cap Rate | 7.59% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | RM-23 | ||
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,414 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | RM-23 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 2+3 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07-2209-006-1200 | Total Assessment | $590,920 |
| Land Assessment | $0 | Annual Taxes | $12,754 ($2.89/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
07-2209-006-1200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$590,920
Annual Taxes
$12,754 ($2.89/SF)
Tax Year
2025
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1800 NE 170th St
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