1 NE 78th St, Miami FL 33138

Description of 1 NE 78th St, Miami FL 33138

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

Property Details for 1 NE 78th St, Miami FL 33138

Pool Private

No

Building Information for 1 NE 78th St, Miami FL 33138

Building Area Total

6395

Building Area Units

Square Feet

Association

No

Property Information for 1 NE 78th St, Miami FL 33138

Lot Size Square Feet

13,063

Waterfront

No

View

No

New Construction

No

Public Records for 1 NE 78th St, Miami FL 33138

Parcel Number

01-31-12-014-0150

Tax Legal Description

LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-3554

Zoning

6100

County Or Parish

Miami-Dade County

Location