1 NE 78th St, Miami, FL 33138
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1 NE 78th St, Miami, FL 33138
1 NE 78th St, Miami, FL 33138
1 NE 78th St, Miami, FL 33138
1 NE 78th St, Miami, FL 33138
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 2,600,000
Est. payment /mo
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1 NE 78th St Miami, FL 33138

6,395 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,395 sqft

Price per Sqft $406

MLS Listing ID A12011267

HOA Y/N No

Year Built 1971

Lot Size 0.300 Acres

Property Sub-Type Multi Family

Property Description

13-unit multifamily asset strategically
located in the heart of Little River, one of
Miami's fastest-evolving urban
neighborhoods. Positioned on a prominent
corner lot with frontage along NE 78th
Street, the property benefits from strong
visibility, walkability, and quick connectivity
to the Design District, Wynwood, and
Downtown Miami, as well as major transit
corridors. Built in 1971, the two-story building
totals approximately 7,496 SF of living area
on a 13,063 SF lot and is currently operating
with stable in-place income. Offered at
$2,600,000, the property generates an in-
place NOI of approximately $191,000,
equating to a 7.35% cap rate, with modest
upside through rent growth and operational
efficiencies. A key value driver is the T6-8-O
zoning, which supports high-density mixed-
use redevelopment of up to eight stories,
positioning the asset for future
redevelopment, assemblage, or land-
banking as Little River continues its
transformation.

Location

State FL

County Miami-dade

Area 30

Exterior

Private Pool Yes

Others

Tax ID 01-31-12-014-0150

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011267

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1 NE 78th St

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