1630
$4,100,000
1630 NW 18th St, Miami, FL 33125
For Sale
Multifamily
Active
Last Updated: 03/29/2025
230,410
NOI
7,692 sqft
Building Size
Details:
NOI: $230,410
Building Size: 7,692 sqft
Units: 12
Year Built: 1969
Floors: 2
Highlights:
- Lot Features: Central Business District, City Location, Near Airport, Near Seaport
- Building Features: Airport Access, Dryer(S) Leased, Exterior Lighting, Inside Corridors, Landscaped, Laundry Facilities, Rear Access, Trash Chute, Washer(S) Leased
- Gross Income: 330970
- Number Of Buildings: 1
- Documents Available: Deed, Copy Of Lease(S), Photos, Rent Rolls, Existing Survey
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Electric: Separate Meters
- Flooring: Tile, Vinyl
- Construction Materials: CBS Construction
- Parking Features: Assigned, No Truck/Trailer, Other
- Security Features: Other Fire Protection, Smoke Alarm, Security Fence, Security System
- Insurance Expense: 11500
Description:
Turnkey 12-unit multifamily investment with a strong 6% CAP rate in the heart of Miami! Fully renovated with 8 spacious 2BD/1BA units and 4 large 2BD + den/1BA units. Upgrades include new roof, impact windows, plumbing, electrical, A/C units, modern kitchens with new appliances, stylish flooring, and fresh paint. The property offers 16 parking spaces, a new laundry facility, mechanical room, and is fully gated with a monitored security system. Located near Jackson Memorial, Miami Int’l Airport, and major highways. Ideal for stable rental income.
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