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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

    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.

    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#: A11714783MLS LogoOriginating 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