For Sale
$1,835,000

2379 172Nd StNorth Miami Beach, FL 33160

Six-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
113
This attractive two-story, six-unit apartment building in North Miami Beach, Florida, presents a compelling investment opportunity. Located at 2379 NE 172nd St, 33160, this 1969-built concrete block and CBS construction property boasts a desirable location, close to Aventura, beaches, parks, shopping, schools, hospitals, and public transportation (Brightline train and bus stations). The building features a new metal roof, impact-resistant windows and doors, and fresh paint. Approximately 90% of the units have been remodeled, offering modern interiors. The unit mix consists of three 2-bedroom/1-bathroom units and three 1-bedroom/1-bathroom units, all currently generating steady cash flow with one-year leases in place, some with long-term tenants. Central air conditioning and parking spaces are provided. The property includes an additional income stream from an on-site laundry room. Low operating costs and a readily available team of contractors for maintenance contribute to its ease of management. The high demand for quality rentals in this area, combined with the potential for rent increases, makes this a strong performing asset with significant upside potential. The property is conveniently located half a block from Biscayne Boulevard.

Property Details for 2379 172Nd St

Property type
Apartment buildings, Small apartment buildings
Year Built
1969
Stories
2
Units
6

Location Insight

City
North Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.9350351
Longitude
-80.1529016
2379 172Nd St, North Miami Beach, Florida

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2379 172Nd St
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