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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
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 three 2-bedroom / 2-bath units and one 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.
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- Offering Memorandum
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,936 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 | 1.01/1,000 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 | 5,936 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.01/1,000 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 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $590,920 |
Property Taxes
Parcel Number
07-2209-006-1200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$590,920
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1800 NE 170th St
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