Miami Downtown close to I95   (734 NW 80th)

Multifamily Investment

Miami Downtown close to I95 (734 NW 80th)

Miami

Home/Commercial/Miami Downtown close to I95 (734 NW 80th)
FULLY RENOVATED 16-UNIT MULTIFAMILYPRICE: $3,700,000FAUSTOCOMMERCIAL.COMVISIT FAUSTOCOMMERCIAL.COM1761 W FLAGLER ST, MIAMI, 33135Presenting a fully renovated 16-unitmultifamily asset in the heart of Miami’s surging 79th Street Corridor. Located at734 NW 80th St and connecting to 79thstreet with adjacent vacant lot, this stabilized property offers immediate cashflow and long-term redevelopment upside. The site encompasses 17,250 SF of land and 8,880 SF of building area, with all units being one-bedroom/one-bath and fully occupied at strong in-place rents averaging $1,950/month. Zoned NCUAD and eligible under the Live Local Act, the property offers the potential to redevelop up to 60–75 units, subject to approvals. Just one block from I-95 and fronting ahigh-traffic corridor (35,000+vehicles/day), this site sits within a designated Opportunity Zone, surrounded by new mixed-use and multifamily development.

KEY METRICS

Building Size8,880 SF Lot Size: 17,250 SF Zoning: NCUAD (Urban Core) Year Built: 1962
ConditionRenovated Cap Rate: 7.00% NOI: $260,300 Gross Income: $374,400 Units: 16 (all 1 bed / 1 bath, fully leased)

GALLERY

Miami Downtown close to I95   (734 NW 80th) — 1
Miami Downtown close to I95   (734 NW 80th) — 2
Active

2.7 Mil. $

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