1 NE 78th St, Miami FL 33138,33138,Miami,Miami-Dade County
- $2,600,000
- $2,600,000
Description
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.
Overview
- Income/MultiFamily
- sqft
- 1971
- A12011267
Details
Actualizado en mayo 1, 2026 a 7:18 pm-
Property ID A12011267
-
Price $2,600,000
-
Year Built 1971
-
Type Income/MultiFamily
-
Property Status Commercial Sale
Additional details
-
BuildingAreaTotal 6395
-
BuildingAreaUnits Square Feet
-
BusinessType Commercial/Residential Income, Residential-Multi-Family
-
ContractStatusChangeDate 2026-04-15
-
DaysOnMarket 16
-
ExpirationDate 2027-06-21
-
InternetAddressDisplayYN 1
-
InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
-
ListAgentDirectPhone 786-862-8247
-
ListAgentEmail vr@faustocommercial.com
-
ListAgentFullName Vicente Rodriguez
-
ListAgentKey be7eb2787a50c5195a40c6635f45981e
-
ListAgentMlsId 3289280
-
ListAgentOfficePhone 786-862-8247
-
ListAgentStateLicense 3289280
-
ListOfficeFax 305-675-0365
-
ListOfficeKey 7cfc112ff185580637392301ab94285c
-
ListOfficeMlsId FAUS01
-
ListOfficeName Fausto Commercial Realty Consultants Inc
-
ListOfficePhone 786-862-8247
-
ListingAgreement Exclusive Right To Sell
-
ListingContractDate 2026-04-15
-
ListingKey 0faefa3deff8b4706b095274fb7efbcd
-
LotSizeSquareFeet 13063
-
MajorChangeTimestamp May 1, 2026 at 04:37pm
-
MajorChangeType New
-
MlsStatus Active
-
ModificationTimestamp May 1, 2026 at 04:37pm
-
NumberOfUnitsInCommunity 13
-
OnMarketDate 2026-04-15
-
OriginalEntryTimestamp May 1, 2026 at 04:37pm
-
OriginalListPrice 2600000
-
OriginatingSystemID miamire
-
OriginatingSystemKey miamire
-
OriginatingSystemName Miami Association of REALTORS®
-
OtherExpense 0
-
ParcelNumber 01-31-12-014-0150
-
PhotosChangeTimestamp May 1, 2026 at 04:41pm
-
PhotosCount 30
-
PostalCodePlus4 4339
-
PriceChangeTimestamp May 1, 2026 at 04:11pm
-
PublicSurveyRange 31
-
PublicSurveySection 12
-
PublicSurveyTownship 31
-
SourceSystemKey 460904264
-
SpecialListingConditions Sale
-
StateOrProvince FL
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StatusChangeTimestamp May 1, 2026 at 04:37pm
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StreetDirPrefix NE
-
StreetName 78th St
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StreetNumber 1
-
StreetNumberNumeric 1
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SyndicationRemarks 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.
-
TaxLegalDescription LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-3554
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Zoning 6100
Address
Open on Google Maps-
Address: 78th St
-
City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33138
