- MLS® #: A11954744
- 676 & 119 Sw 1st St
- Miami, FL 33130-1204
- $2,299,999
- 0.22 Acres
- Business
- MLS® #: A12011267
- 1 Ne 78th St
- Miami, FL 33138-4339
- $2,600,000
- Business
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.
View Virtual TourEssential Information
- MLS® #A12011267
- Price$2,600,000
- CAD Dollar$3,698,300
- UK Pound£1,966,234
- Euro€2,281,422
- Bathrooms0.00
- Year Built1971
- TypeBusiness
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address1 Ne 78th St
- Area30
- CityMiami
- CountyMiami-Dade
- StateFL
- Zip Code33138-4339
- Office: Fausto Commercial Realty Consultants Inc
1 Ne 78th St on www.jupiteroceanfronthomes.us
Offered at the current list price of $2,600,000, this home for sale at 1 Ne 78th St features bedrooms and 0 bathrooms. This real estate listing is located in of Miami, FL 33138-4339 . 1 Ne 78th St is listed under the MLS ID of A12011267 and has been on the Miami real estate market for 68 days.Facts About Miami, FL
Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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