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Multifamily

Biscayne Manor

1725 NE 148th St, Miami, FL 33181

Listing Price: $1,330,000

Cap Rate
6.49%
Number of Units
7
GRM
8.80
Occupancy
95.0%
Price/Unit
$190,000
Price/Gross SF
$438.51
Gross SF
3,033

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Biscayne Manor, a rental community located in northeastern Miami Dade county. The property is located on 148th Street and just West of Biscayne Boulevard, which is one of the main traffic corridors connecting North Miami and North Miami Beach. Due to its proximity to Biscayne Boulevard the property benefits from numerous retailers being within walking distance like Publix, Target, Petco as well as many others. Also, Biscayne Bay Campus of Florida International University is located on 200 acres on the waterfront of Biscayne Bay and has an enrollment of over 7,000 students.

Biscayne Manor offers its residents a secure and updated home with ample green space. The property is made up of seven units which is comprised of three studios, three one bedroom one bath and one two-bedroom apartment. Most units have new mini split air-conditioning systems, impact windows, updated kitchens, updated bathrooms, and recessed lighting. The property was built in 1949 and sits on 0.41 acres.

Investment Highlights

  • Close Proximity to Biscayne Boulevard
  • Large Lot Providing Ample Green Space
  • Well Maintained and Renovated Building
  • Major Universities and Retailers Nearby

Exclusively Listed By

Financing By

Multifamily

Biscayne Manor

Listing Price: $1,330,000

Cap Rate
6.49%
Number of Units
7
GRM
8.80
Occupancy
95.0%
Price/Unit
$190,000
Price/Gross SF
$438.51
Gross SF
3,033

Investment Highlights

  • Close Proximity to Biscayne Boulevard
  • Large Lot Providing Ample Green Space
  • Well Maintained and Renovated Building
  • Major Universities and Retailers Nearby

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Biscayne Manor, a rental community located in northeastern Miami Dade county. The property is located on 148th Street and just West of Biscayne Boulevard, which is one of the main traffic corridors connecting North Miami and North Miami Beach. Due to its proximity to Biscayne Boulevard the property benefits from numerous retailers being within walking distance like Publix, Target, Petco as well as many others. Also, Biscayne Bay Campus of Florida International University is located on 200 acres on the waterfront of Biscayne Bay and has an enrollment of over 7,000 students. Biscayne Manor offers its residents a secure and updated home with ample green space. The property is made up of seven units which is comprised of three studios, three one bedroom one bath and one two-bedroom apartment. Most units have new mini split air-conditioning systems, impact windows, updated kitchens, updated bathrooms, and recessed lighting. The property was built in 1949 and sits on 0.41 acres.

Exclusively Listed By

Financing By

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