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6 Plex plus Vacant Lot 729 NW 55th Ter 6 Unit Apartment Building $1,800,000 ($300,000/Unit) 7% Cap Rate Miami, FL 33127
Investment Highlights
- One block from I-95
- Extra lot for new construction
- Rapidly developing area
Executive Summary
PLANS ARE APPROVED!
Welcome to this property located near the busy intersection of NW 7th Avenue and 55th Terrace in Miami, FL.
This property is in a highly developing area with a mix of commercial and residential and near bus stops, gas stations, and I-95.
The property is being offered AS-IS by owner. Price of $1,800,000 at 7% rental cap rate based on Proforma.
INCLUDES vacant empty lot on same property for future new construction. The total property size is 13,100 square feet.
ONE FOLIO, TWO LOTS. On one lot, 6 units, while the other lot is ready to build.
2% Commission for buy-side broker. Bring a buyer!
Welcome to this property located near the busy intersection of NW 7th Avenue and 55th Terrace in Miami, FL.
This property is in a highly developing area with a mix of commercial and residential and near bus stops, gas stations, and I-95.
The property is being offered AS-IS by owner. Price of $1,800,000 at 7% rental cap rate based on Proforma.
INCLUDES vacant empty lot on same property for future new construction. The total property size is 13,100 square feet.
ONE FOLIO, TWO LOTS. On one lot, 6 units, while the other lot is ready to build.
2% Commission for buy-side broker. Bring a buyer!
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,200
|
$40.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,200
|
$40.94
|
| Taxes |
$13,200
|
$3.88
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,200
|
$3.88
|
| Net Operating Income |
$126,000
|
$37.06
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $139,200 |
| Annual Per SF | $40.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $139,200 |
| Annual Per SF | $40.94 |
| Taxes | |
|---|---|
| Annual | $13,200 |
| Annual Per SF | $3.88 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,200 |
| Annual Per SF | $3.88 |
| Net Operating Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $37.06 |
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 3,400 SF |
| Cap Rate | 7% | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | T3-O, T5-O - As one property folio number, Zoned T3-O is lot 6 on survey and is empty lot (west lot) T5-O is lot 5 on survey and existing multi-family (east lot) | ||
| Price | $1,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,400 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1985 |
| Opportunity Zone |
Yes |
| Zoning | T3-O, T5-O - As one property folio number, Zoned T3-O is lot 6 on survey and is empty lot (west lot) T5-O is lot 5 on survey and existing multi-family (east lot) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,132,931 (2025) | |
| Land Assessment | $225,498 (2025) | Annual Taxes | $13,200 ($3.88/SF) |
| Improvements Assessment | $159,433 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$225,498 (2025)
Improvements Assessment
$159,433 (2025)
Total Assessment
$1,132,931 (2025)
Annual Taxes
$13,200 ($3.88/SF)
Tax Year
2026
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Lenox Hill LLC
6 Plex plus Vacant Lot | 729 NW 55th Ter
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