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North Beach 6-Unit Multifamily 625 75th St 6 Unit Apartment Building $2,907,576 CAD ($484,596 CAD/Unit) Miami Beach, FL 33141
Investment Highlights
- Walking distance to the beach, North Beach Oceanside Park, and transit to mainland Miami
- RM-1 residential multifamily zoning in Miami Beach's North Beach submarket
- Value-add upside remaining through cosmetic bathroom renovations and envelope improvements
- Six units: four one-bedroom/one-bathroom apartments and two studios on a 5,500 SF lot
- Hurricane impact windows and doors throughout, with modernized electrical and plumbing
Executive Summary
6-unit multifamily building in Miami Beach's North Beach submarket — 3,400 SF on a 5,500-SF RM-1 lot, with renovated kitchens, hurricane impact windows and doors, and updated electrical and plumbing.
The asset suits private investors and 1031 exchange buyers seeking an executable value-add play in a supply-constrained coastal submarket. The unit mix — four one-bedroom/one-bathroom apartments and two studio layouts — targets the workforce and young-professional renter base that drives North Beach demand.
Substantial capital expenditures are already complete across critical infrastructure: upgraded kitchens, a full complement of hurricane impact windows and doors, and comprehensive modernization of both the electrical and plumbing systems. Built in 1951 and zoned RM-1, the building offers 3,400 square feet on a 5,500-square-foot lot. Remaining upside is cosmetic — bathroom modernization and long-term envelope improvements — allowing an owner to collect rental revenue from renovated core spaces while capturing mark-to-market appreciation.
The property sits within walking distance of the beach and North Beach Oceanside Park in Miami Beach, Miami-Dade County, with major transit corridors nearby connecting to mainland Miami.
The asset suits private investors and 1031 exchange buyers seeking an executable value-add play in a supply-constrained coastal submarket. The unit mix — four one-bedroom/one-bathroom apartments and two studio layouts — targets the workforce and young-professional renter base that drives North Beach demand.
Substantial capital expenditures are already complete across critical infrastructure: upgraded kitchens, a full complement of hurricane impact windows and doors, and comprehensive modernization of both the electrical and plumbing systems. Built in 1951 and zoned RM-1, the building offers 3,400 square feet on a 5,500-square-foot lot. Remaining upside is cosmetic — bathroom modernization and long-term envelope improvements — allowing an owner to collect rental revenue from renovated core spaces while capturing mark-to-market appreciation.
The property sits within walking distance of the beach and North Beach Oceanside Park in Miami Beach, Miami-Dade County, with major transit corridors nearby connecting to mainland Miami.
Property Facts
| Price | $2,907,576 CAD | Building Class | C |
| Price Per Unit | $484,596 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Construction Status | Under Renovation |
| No. Units | 6 | Building Size | 4,052 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1951/2026 |
| Apartment Style | Low-Rise | Parking Ratio | 1.23/1,000 SF |
| Zoning | RM-1 - Residential | ||
| Price | $2,907,576 CAD |
| Price Per Unit | $484,596 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Construction Status | Under Renovation |
| Building Size | 4,052 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2026 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | RM-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-3202-007-1940 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,418,771 CAD |
Property Taxes
Parcel Number
02-3202-007-1940
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,418,771 CAD
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North Beach 6-Unit Multifamily | 625 75th St
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