Multifamily

496 NE 78th St

496 NE 78th St, Miami, FL 33138

Listing Price: $1,025,000

Cap Rate
3.24%
Number of Units
8
GRM
13.96
Occupancy
96.0%
Price/Unit
$128,125
Price/Gross SF
$322.73
Gross SF
3,176

Investment Overview

Marcus & Millichap is pleased to exclusively present 496 Northeast 78th Street Road: an eight unit multifamily property situated on a 6,750 square foot lot in Miami, Florida. The property is currently fully rented, with most units renting well below market.

496 Northeast 78th Street Road is located in the Little River submarket of Miami, near Ironside, the Citadel, El Portal and the MiMo district. There are numerous exciting developments in the pipeline in these areas, including the Barrington Brothers Kavista in El Portal, a mutlfamily project with 282 units and ground-floor work spaces, along with the prospective Virgin Train expansion with new stops in Wynwood/ Midtown, the Miami Design District, Upper East Side/ El Portal and more.

Investment Highlights

  • Less than one mile from Little River's Citadel offering "cool bites and hip vibes"
  • Situated on the river, near Ironside, El Portal and the MiMo District
  • Room to raise rents $150 on five of the units

Exclusively Listed By

Listing Price: $1,025,000

Cap Rate
3.24%
Number of Units
8
GRM
13.96
Occupancy
96.0%
Price/Unit
$128,125
Price/Gross SF
$322.73
Gross SF
3,176

Investment Highlights

  • Less than one mile from Little River's Citadel offering "cool bites and hip vibes"
  • Situated on the river, near Ironside, El Portal and the MiMo District
  • Room to raise rents $150 on five of the units

Investment Overview

Marcus & Millichap is pleased to exclusively present 496 Northeast 78th Street Road: an eight unit multifamily property situated on a 6,750 square foot lot in Miami, Florida. The property is currently fully rented, with most units renting well below market.

496 Northeast 78th Street Road is located in the Little River submarket of Miami, near Ironside, the Citadel, El Portal and the MiMo district. There are numerous exciting developments in the pipeline in these areas, including the Barrington Brothers Kavista in El Portal, a mutlfamily project with 282 units and ground-floor work spaces, along with the prospective Virgin Train expansion with new stops in Wynwood/ Midtown, the Miami Design District, Upper East Side/ El Portal and more.

Exclusively Listed By

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