131 77Th StMiami, FL 33138

Property Details for 131 77Th St

Year built

1975

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional six-unit apartment building presents a compelling investment opportunity in Miami, Florida. Located at 131 NE 77th St, in the desirable Little River neighborhood, this property boasts a prime corner lot position, offering excellent visibility and accessibility. Built in 1975, this two-story building has recently undergone renovations, including a new roof and impact windows, enhancing its value and longevity. Each of the six units comprises two bedrooms and one bathroom, providing comfortable living spaces for tenants. The property is fully fenced, ensuring privacy and security. Its strategic location near the Design District and Wynwood places it within close proximity to major developments, offering significant potential for future appreciation. Easy access to major highways, Downtown Miami, and Miami Beach further enhances its appeal. This multifamily property is ideal for investors seeking a strong return on investment, whether through continued rental income from the existing six units or through potential redevelopment. The asking price is $2,400,000. This is a rare opportunity to acquire a well-maintained, renovated multifamily property in a rapidly growing area of Miami.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8457

Longitude

-80.1942

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