Miami 15 units building

$3,390,000

1130 Northwest 62nd Street, Miami Shores, FL 33150

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 05/22/2026

Details:

Cap Rate: 7%

NOI: $275,324

Building Size: 8,394 sqft

Lot Area: 13,625 sqft

Occupancy: 100%

Class: A

Units: 15

GRM: 340000

Average Room Size: 500 sqft

Year Built: 1957-2018

Zoning: T6-8-O-URBAN CORE ZONE

Floors: 3

Opportunity Zone: Yes

Seller Financing: Yes

Parking Spots: 20

Freight Elevator: No

Roof: Concrete

HVAC: Central

Floor: Tile

Restrooms: 15

Leed Certitified: No

CeilingHeight: 8

Year Last Renovated: 2019

Offered by

Mauricio Jalil

Broker

MJ Estates, Inc

#3207268

Request Info to Unlock

Highlights:

MINT CONDITION
GOVERNMENT SECURE INCOME
AMAZING RETURN

Description:

This 15-unit building was completely remodeled in 2018 with full permits pulled; all architectural plans and permits are included/attached here. Freshly updated throughout, this property boasts a prime location on NW 62nd St, adjacent to Related's massive Liberty Square redevelopment project.
The entire building was repainted with Sherwin-Williams commercial-grade paint and fully waterproofed in 2024, and the parking lot was completely redone and professionally striped by a licensed company. All 15 units are 1-bedroom/1-bathroom featuring central air conditioning, impact windows and doors.
The coin laundry room includes machines still under warranty, and the property was treated for termites in 2024. This turn-key multifamily investment generates a current NOI of $232,000, with a clear path to a stabilized NOI of $270,000, offering strong upside potential. Gross annual income is approximately $292,000, supported by a diversified tenant base including reliable Section 8 housing i