Closed

Forest Park, 584 NW 65th St, Miami, FL 33150

2,750,000(-9.09% )
8,340SqFt

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Details

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Status:
Sold - Mar 31, 2025
Size: 8,340 SqFt (775 m2)
Price: $300/SqFt ($3,227/m2)
Type: Multi Family
Built: 1968
MLS Number: A11714783
On Site: 227 Days
Updated: 132 Days ago
Page Views: 0
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.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Other
        • Cooling Description: Other
        Building and Construction
        • Floor Description: Other
        • Year Built: 1968
        • Year Built Description: Unknown
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-12-27T15:16:21.000-00:00
          Taxes, Fees & More
          • Taxes: 32172

          Price History

          03/31/2025

          Date

          Sold

          Event

          $2.5M

          Price

          -9.09%

          Change Rate

          $300 ft2 / $3,227 m2

          Price Per

          12/27/2024

          Date

          Listed

          Event

          $2.8M

          Price

          $330 ft2 / $3,549 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Alfredo RiascosGridline Properties • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $100/ft²
          $300/ft²
          $400/ft²

          Unit 584 NW 65th St – Asking

          $300/ft²

          (+18%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $254/ft²
          Community $/Price Range (Closed) $209/ft² – $300/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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