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Multifamily

16131 NE 19th Pl

16131 NE 19th Pl, North Miami Beach, FL 33162

Listing Price: $750,000

Cap Rate
5.93%
Number of Units
4
Occupancy
96.0%
Price/Unit
$187,500
Price/Gross SF
$325.52
Gross SF
2,304

Investment Overview

Marcus & Millichap, as exclusive agent, is proud to present to market Fulford Villas. The four- unit property is located in North Miami Beach, Florida in an opportunity zone. All of the units are one bedroom / one bathroom units that are roughly 576 square feet. Each of the units have wall unit air conditioners and have recently seen exterior improvements including new paint. Located one block south of Northeast 163rd Street, the properties offer easy access to US-1 (Biscayne Boulevard) as well as Interstate 95. The four units total 2,467 square feet situated on a 0.15 acre lot. There are many economic drivers in the area including SAE Institute Miami, Nova Southeastern University's North Miami Campus, Florida International University Biscayne Bay Campus, Oleta River State Park, Sunny Isles Beach, and Haulover Beach and Inlet. Recent development in the area includes a Publix anchored shopping center, Costco, Target, Shoreline at SoLe , and One Fifty One at Biscayne.

Investment Highlights

  • Excellent Location just West of US-1 (Biscayne Boulevard) in North Miami Beach
  • Located in a Qualified Opportunity Zone and the North Miami Beach CRA
  • Situated Near Several Major Economic Drivers and Employment Centers

Exclusively Listed By

Financing By

Multifamily

16131 NE 19th Pl

Listing Price: $750,000

Cap Rate
5.93%
Number of Units
4
Occupancy
96.0%
Price/Unit
$187,500
Price/Gross SF
$325.52
Gross SF
2,304

Investment Highlights

  • Excellent Location just West of US-1 (Biscayne Boulevard) in North Miami Beach
  • Located in a Qualified Opportunity Zone and the North Miami Beach CRA
  • Situated Near Several Major Economic Drivers and Employment Centers

Investment Overview

Marcus & Millichap, as exclusive agent, is proud to present to market Fulford Villas. The four- unit property is located in North Miami Beach, Florida in an opportunity zone. All of the units are one bedroom / one bathroom units that are roughly 576 square feet. Each of the units have wall unit air conditioners and have recently seen exterior improvements including new paint. Located one block south of Northeast 163rd Street, the properties offer easy access to US-1 (Biscayne Boulevard) as well as Interstate 95. The four units total 2,467 square feet situated on a 0.15 acre lot. There are many economic drivers in the area including SAE Institute Miami, Nova Southeastern University's North Miami Campus, Florida International University Biscayne Bay Campus, Oleta River State Park, Sunny Isles Beach, and Haulover Beach and Inlet. Recent development in the area includes a Publix anchored shopping center, Costco, Target, Shoreline at SoLe , and One Fifty One at Biscayne.

Exclusively Listed By

Financing By

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