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INVESTMENT HIGHLIGHTS
- Desirable unit mix appealing to the local workforce housing market with consistent occupancy and cash flow.
- Little Haiti is experiencing significant investment and revitalization, enhancing property appreciation prospects.
- Current rents are below market, providing potential for increased revenue through interior renovations and rent optimization.
- Easy access to major highways (I-95 and US-1), public transportation, and employment centers, increasing tenant retention and demand.
EXECUTIVE SUMMARY
The Porosoff Group is pleased to present the exclusive offering of 36 NE 65th Street, a 24-unit multifamily property located in the vibrant Little Haiti neighborhood of Miami. This two-story building features a desirable unit mix catering to the strong demand for affordable and workforce housing in the area. Strategically positioned just east of North Miami Avenue, the property benefits from proximity to the Miami Design District, Wynwood, and Midtown, offering tenants access to major employment centers, retail, and cultural amenities.
The asset provides investors with immediate cash flow and significant upside potential through interior renovations and rent optimization, as current rents remain below market averages. Little Haiti continues to experience rapid growth and redevelopment, attracting both local and national investment, enhancing the long-term value of multifamily assets in the submarket.
This offering represents an exceptional opportunity to acquire a well-located, stable multifamily investment with strong in-place income and additional value-add potential in one of Miami’s most dynamic emerging neighborhoods.
The asset provides investors with immediate cash flow and significant upside potential through interior renovations and rent optimization, as current rents remain below market averages. Little Haiti continues to experience rapid growth and redevelopment, attracting both local and national investment, enhancing the long-term value of multifamily assets in the submarket.
This offering represents an exceptional opportunity to acquire a well-located, stable multifamily investment with strong in-place income and additional value-add potential in one of Miami’s most dynamic emerging neighborhoods.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,741,027 CAD | Building Class | C |
| Price Per Unit | $229,641 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 15,996 SF |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3 - Residential districts | ||
| Price | $5,741,027 CAD |
| Price Per Unit | $229,641 CAD |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 15,996 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Residential districts |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 21 | - | 600 |
| 1+1 | 4 | - | 750 |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 01-3113-019-0210 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,796,382 CAD |
PROPERTY TAXES
Parcel Number
01-3113-019-0210
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,796,382 CAD
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36 NE 65th St
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