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2 UNITS, CAP RATE 10%+, MULTI-FAMILY HOME 1000 Ne Little River Dr 2 Unit Apartment Building $7,474,500 CAD ($3,737,250 CAD/Unit) 7.31% Cap Rate Miami, FL 33138
Investment Highlights
- Modern waterfront home, 2017
- Detached 2-story guest house
- High rental income potential with short term rentals
- Multigenerational Living
- Infinity pool & private dock
- BRAND new dock accommodating boats up to 65 feet!!
Executive Summary
RARELY AVAILABLE, CASH COW AIRBNB! This stunning 2017 waterfront home blends tropical outdoor living with airy, modern interiors perfect for entertaining. The main house boasts an open living area that flows to a covered patio, while the 4 spacious bedrooms offer privacy and comfort. The detached guest house includes a two-bedroom loft with a full kitchen, bath, maid’s quarters, and storage. Enjoy breathtaking views of the Miami River, an infinity pool, and a new dock accommodating boats up to 65 feet. With no bridges to the bay, it offers easy access to the water. Plus, it generates amazing annual short-term rental income, making it a great investment. Don’t miss this rare Miami gem!
Villa Tulum. Introducing a unique waterfront sanctuary in Miami's Upper East Side, where beach lifestyle meets modern luxury. Nestled on a lush, oversized 11,000 sq. ft. lot, this 2017-built compound is perfect for entertaining, seamlessly integrating tropical outdoor living with bright, airy interiors. The main house features a breeze open living area, covered patio, and 4 bedrooms. A detached 2 story guest house includes 2 bedroom loft with a kitchen and bathroom, maid’s quarters, and storage. Outside, enjoy an infinity pool by the Miami River, and a new private dock accommodating up to 65 ft boats without bridges to the bay. Favored by celebrities, this property is perfect as a primary residence or vacation home and provides an excellent investment in a rapidly appreciating area.
Villa Tulum. Introducing a unique waterfront sanctuary in Miami's Upper East Side, where beach lifestyle meets modern luxury. Nestled on a lush, oversized 11,000 sq. ft. lot, this 2017-built compound is perfect for entertaining, seamlessly integrating tropical outdoor living with bright, airy interiors. The main house features a breeze open living area, covered patio, and 4 bedrooms. A detached 2 story guest house includes 2 bedroom loft with a kitchen and bathroom, maid’s quarters, and storage. Outside, enjoy an infinity pool by the Miami River, and a new private dock accommodating up to 65 ft boats without bridges to the bay. Favored by celebrities, this property is perfect as a primary residence or vacation home and provides an excellent investment in a rapidly appreciating area.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$665,417
|
$169.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$120,323
|
$30.62
|
| Net Operating Income |
$545,094
|
$138.74
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $665,417 |
| Annual Per SF | $169.36 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $120,323 |
| Annual Per SF | $30.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $545,094 |
| Annual Per SF | $138.74 |
Property Facts
| Price | $7,474,500 CAD | Property Subtype | Apartment |
| Price Per Unit | $3,737,250 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.31% | Lot Size | 0.26 AC |
| Sale Condition | Lease Option | Building Size | 3,929 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2017 |
| Zoning | 0100 - 0100 | ||
| Price | $7,474,500 CAD |
| Price Per Unit | $3,737,250 CAD |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Sale Condition | Lease Option |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 3,929 SF |
| No. Stories | 2 |
| Year Built | 2017 |
| Zoning | 0100 - 0100 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Oven
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Gated
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4.5 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 01-3208-008-0900 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $4,675,051 CAD (2025) |
Property Taxes
Parcel Number
01-3208-008-0900
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$4,675,051 CAD (2025)
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2 UNITS, CAP RATE 10%+, MULTI-FAMILY HOME | 1000 Ne Little River Dr
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