Prime Investment Opportunity 711 NW 1st St 8 Unit Apartment Building $3,238,534 CAD ($404,817 CAD/Unit) 6.05% Cap Rate Miami, FL 33128

Prime Investment Opportunity – Two Buildings, Eight Units
This exceptional multifamily property consists of two separate folios with a total of eight rental units, offering a rare investment opportunity in one of Miami's most dynamic and rapidly growing areas. Strategically located just one minute from Brickell and within walking distance of Miami's top dining destinations like Seaspice and Kiki on the River, this property is perfectly positioned for strong rental demand.
Currently generating a gross annual income of $216,000 this investment ensures immediate cash flow with room for potential rental increases. Riverside, a thriving neighborhood in Miami-Dade County, provides residents with a vibrant urban atmosphere, featuring trendy bars, renowned restaurants, charming coffee shops, and lush parks. The area is predominantly renter-occupied, making it an ideal location for multifamily investments.
With convenient parking and situated in a high-demand rental market, this property is just 5 minutes from Brickell, 10 minutes from Downtown Miami, and Wynwood. Additionally, it sits in a zone with strong potential for future appreciation, making it a highly attractive asset for both seasoned investors and newcomers looking to capitalize on Miami’s booming real estate market.
Don’t miss out on this high-yield investment in one of Miami’s most desirable neighborhoods!