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251 NW 57th Ave 4 Unit Apartment Building $2,600,000 ($650,000/Unit) 8% Cap Rate Miami, FL 33126



Investment Highlights
- High-performing income-producing multifamily asset
- Turnkey investment – fully equipped & operational
- Ideal for cash-flow investors & portfolio expansion
- Proven STR model with established revenue stream
- Value-add potential through rate & occupancy optimization
- All serious offers considered
Executive Summary
Turnkey 4-unit multifamily investment opportunity located in the heart of Miami. This fully renovated property is currently operating as a high-performing short-term rental asset, generating approximately $17,000 per month (~$208,000 annually) with proven income history.
All units have been recently updated and are being sold fully furnished with complete inventory included, allowing a seamless transition for the next owner to continue operations from day one. The property is strategically positioned near Miami International Airport and major transportation corridors, making it highly attractive for short-term rental demand.
This is a rare opportunity to acquire a stabilized, income-producing asset in a prime Miami location with immediate cash flow and strong upside potential through optimization of occupancy and nightly rates.
Investment Highlights:
4 fully renovated units (turnkey condition)
Active short-term rental operation
Approx. $208K annual gross income
Inventory included in sale
Immediate income from day one
Strong demand location
Seller Motivation:
Ownership is motivated and seeking a fast and efficient closing. All serious offers will be considered. Ideal for investors seeking a cash-flowing asset in a high-demand rental market.
Note: Financials and additional documentation available upon request. Proof of funds required for full disclosure.
All units have been recently updated and are being sold fully furnished with complete inventory included, allowing a seamless transition for the next owner to continue operations from day one. The property is strategically positioned near Miami International Airport and major transportation corridors, making it highly attractive for short-term rental demand.
This is a rare opportunity to acquire a stabilized, income-producing asset in a prime Miami location with immediate cash flow and strong upside potential through optimization of occupancy and nightly rates.
Investment Highlights:
4 fully renovated units (turnkey condition)
Active short-term rental operation
Approx. $208K annual gross income
Inventory included in sale
Immediate income from day one
Strong demand location
Seller Motivation:
Ownership is motivated and seeking a fast and efficient closing. All serious offers will be considered. Ideal for investors seeking a cash-flowing asset in a high-demand rental market.
Note: Financials and additional documentation available upon request. Proof of funds required for full disclosure.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,600,000 | Building Class | C |
| Price Per Unit | $650,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,768 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - ZONING DISTRICT: T5-L | ||
| Price | $2,600,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,768 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R-3 - ZONING DISTRICT: T5-L |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Heating
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Stainless Steel Appliances
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Attic
- Breakfast Nook
- Coffee System
- Dining Room
- Framed Mirrors
- Freezer
- Garden
- Handrails
- Instant Hot Water
- Linen Closet
- Patio
- Wheelchair Accessible (Rooms)
- Large Bedrooms
Site Amenities
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Security System
- Furnished Units Available
- Pet Play Area
- Smoke Free
- Wi-Fi
- Storage Space
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-4106-017-0420 | Improvements Assessment | $189,550 |
| Land Assessment | $480,250 | Total Assessment | $669,800 |
Property Taxes
Parcel Number
01-4106-017-0420
Land Assessment
$480,250
Improvements Assessment
$189,550
Total Assessment
$669,800
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Presented by
Rejoice Realty Group Inc
251 NW 57th Ave
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