2379 172Nd StNorth Miami Beach, FL 33160

Property Details for 2379 172Nd St

Year built

1969

Property size (Sq ft)

5,066 SF

Property type

Commercial real estate

Description

This exceptional six-unit multifamily property, located at 2379 NE 172nd St in North Miami Beach, Florida, 33160, presents a compelling investment opportunity. The 5,066 square foot building, constructed in 1969, boasts a two-story design and is built with durable concrete block construction. Recent upgrades include a new metal roof, impact windows and doors, and fresh exterior paint. Approximately 90% of the units have been remodeled, offering modern interiors to tenants. The unit mix consists of three 2-bedroom/1-bathroom units and three 1-bedroom/1-bathroom units, all currently generating a steady cash flow with one-year leases in place, some with long-term tenants. The property includes central air conditioning and ample parking spaces. A convenient on-site laundry room provides additional income potential. This property benefits from its prime location near Aventura, beaches, parks, shopping centers, schools, hospitals, and public transportation (Brightline train and bus stations). Its proximity to Biscayne Boulevard adds to its desirability. The property's low operating costs and a readily available team of contractors for maintenance ensure efficient management. The high demand for quality rentals in this area, coupled with the potential for rent increases, makes this a truly attractive investment with a proven track record of strong performance.

Location Insight

City

North Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.935

Longitude

-80.1529

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