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Little River Flats 734 NW 80th St 16 Unit Apartment Building $3,600,000 ($225,000/Unit) 6.57% Cap Rate Miami, FL 33150
INVESTMENT HIGHLIGHTS
- Renovated With Hurricane Impact Windows and Doors, Granite Countertops and Stainless Steel Appliances
- All Section 8 Tenants With Guaranteed Income
- Flat Concrete Roof
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Little River Flats, a well-maintained 16-unit multifamily property located at 734 NW 80th Street, Miami, Florida 33150. Built in 1962, the property consists of one two-story building totaling 8,880 square feet on a 0.32 acre lot. The unit mix features sixteen one-bedroom / one-bathroom apartments averaging 555 square feet each. The property has been well cared for, featuring hurricane impact windows and doors, wall-unit air conditioning, and a flat concrete roof. Each unit is separately metered for electric, allowing for reduced ownership expenses and ease of management.
Strategically positioned in the Little River submarket of Miami, the property benefits from exceptional accessibility to major employment and lifestyle hubs such as Downtown Miami, Wynwood, the Miami Design District, and Miami Shores. The surrounding area has experienced significant investment and redevelopment, with a growing concentration of creative businesses, restaurants, and multifamily infill projects that continue to enhance the neighborhood’s appeal to renters.
With stable in-place income and continued rental growth supported by the area’s transformation, Little River Flats represents an attractive opportunity for investors seeking a well-located, cash-flowing multifamily asset in one of Miami’s fastest-evolving submarkets.
Strategically positioned in the Little River submarket of Miami, the property benefits from exceptional accessibility to major employment and lifestyle hubs such as Downtown Miami, Wynwood, the Miami Design District, and Miami Shores. The surrounding area has experienced significant investment and redevelopment, with a growing concentration of creative businesses, restaurants, and multifamily infill projects that continue to enhance the neighborhood’s appeal to renters.
With stable in-place income and continued rental growth supported by the area’s transformation, Little River Flats represents an attractive opportunity for investors seeking a well-located, cash-flowing multifamily asset in one of Miami’s fastest-evolving submarkets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 8,880 SF |
| Cap Rate | 6.57% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.94 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1962/2021 |
| Property Type | Multifamily | Parking Ratio | 2.03/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | NCUAD/RU-2, County | ||
| Price | $3,600,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Gross Rent Multiplier | 9.94 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2021 |
| Parking Ratio | 2.03/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | NCUAD/RU-2, County |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Microwave
- Heating
- Security System
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 550 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $889,040 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$889,040
CONTACTS
-
Daniel Cunningham -
Cory Sanchez -
Evan Richardson -
River Rhoads -
Dillon Majeski -
Marcus & Millichap
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Little River Flats | 734 NW 80th St
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