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Multifamily

60th Street Apartments

1319 NW 60th St, Miami, FL 33142

Listing Price: $1,300,000

Cap Rate
6.06%
Number of Units
8
Occupancy
95.0%
Price/Unit
$162,500
Price/Gross SF
$284.22
Gross SF
4,574

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale 60th Street Apartments, an eight-unit rental apartment building located at 1319 NW 60th Street in Miami, Florida. 60th Street Apartments is a two-story apartment building constructed of concrete block with a flat roof. The property has two one-bedroom / one-bathroom units and six two-bedroom / one-bathroom units. The property offers off-street parking. 60th Street Apartments is located within the Liberty City submarket which is the northwest section of the city of Miami, just west of Interstate 95, spanning from Northwest 56th Street to Northwest 79th Street. The Property is within walking distance from public transportation, schools, public parks, and a hospital. The North Shore Medical Center is within three miles north of the property. This hospital has 357 beds and over 700 employees. Moreover, 60th Street Apartments is just two blocks south of the first and largest mixed income project in Miami-Dade called New Liberty Square Apartments. The $300 million project incorporates public, affordable, workforce and market-rate units. This 1,455-unit project will be completed in 2023 and will include a Publix supermarket and retail stores. The first phase with 204 units was delivered in 2019.

Investment Highlights

  • Eight Units and Located in an Opportunity Zone
  • Great Unit Mix with One- and Two-Bedroom Apartment Units
  • Close Proximity to Hospitals, Schools and Public Transportation
  • Densely Populated Area
  • 40-Year Recertification in Place

Exclusively Listed By

Multifamily

60th Street Apartments

Listing Price: $1,300,000

Cap Rate
6.06%
Number of Units
8
Occupancy
95.0%
Price/Unit
$162,500
Price/Gross SF
$284.22
Gross SF
4,574

Investment Highlights

  • Eight Units and Located in an Opportunity Zone
  • Great Unit Mix with One- and Two-Bedroom Apartment Units
  • Close Proximity to Hospitals, Schools and Public Transportation
  • Densely Populated Area
  • 40-Year Recertification in Place

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale 60th Street Apartments, an eight-unit rental apartment building located at 1319 NW 60th Street in Miami, Florida. 60th Street Apartments is a two-story apartment building constructed of concrete block with a flat roof. The property has two one-bedroom / one-bathroom units and six two-bedroom / one-bathroom units. The property offers off-street parking. 60th Street Apartments is located within the Liberty City submarket which is the northwest section of the city of Miami, just west of Interstate 95, spanning from Northwest 56th Street to Northwest 79th Street. The Property is within walking distance from public transportation, schools, public parks, and a hospital. The North Shore Medical Center is within three miles north of the property. This hospital has 357 beds and over 700 employees. Moreover, 60th Street Apartments is just two blocks south of the first and largest mixed income project in Miami-Dade called New Liberty Square Apartments. The $300 million project incorporates public, affordable, workforce and market-rate units. This 1,455-unit project will be completed in 2023 and will include a Publix supermarket and retail stores. The first phase with 204 units was delivered in 2019.

Exclusively Listed By

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