This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.
Sold for $2,500,000 on 03/31/25
$2,500,000
584 NW 65th St, Miami, FL 33150
5beds
4baths
8,340sqft
Triplex, Quadruplex
Built in 1968
-- sqft lot
$2,468,500 Zestimate®
$300/sqft
$2,879 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 06:41am
Listed by:
Alfredo Riascos 786-325-5647,
Gridline Properties
Bought with:
Alfredo Riascos, 3210686
Gridline Properties
Source: MIAMI,MLS#: A11714783
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Flooring: Other
Interior area
- Total structure area: 8,340
- Total interior livable area: 8,340 sqft
Property
Parking
- Total spaces: 16
Features
- Stories: 2
Lot
- Features: 3/4 To Less Than 1 Acre Lot
Details
- Parcel number: 0131130250200
- Zoning: 6107
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex, Quadruplex
Materials
- Other
- Roof: Other
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Other
Community & neighborhood
Location
- Region: Miami
- Subdivision: Forest Park
Services availability
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Estimated market value
$2,468,500