36 NE 65th St, Miami FL 33138 | Miami-Dade County | A11945698

36 NE 65th St, Miami FL 33138

Active Residential Income Active

$3,990,000

1 More

Type
Quadruplex

15996 Sq Ft
Area Size

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Active Residential Income Active

36 NE 65th St, Miami FL 33138 | Miami-Dade County | A11945698

36 NE 65th St, Miami FL 33138

$3,990,000

Description

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.

Property Overview

This two-story quadruplex is located at 36 NE 65th Street in the Liberty Park AMD PL 1st Add subdivision of Miami. Built in 1922, the property has a total living area of 15,996 square feet and is currently listed for sale at $3,990,000. The building offers a desirable unit mix that aligns with strong local demand for affordable and workforce housing. Its location just east of North Miami Avenue provides easy access to the Miami Design District, Wynwood, and Midtown, placing tenants near major employment hubs, retail, and cultural attractions. The property is positioned to deliver immediate cash flow, with current rents below market average, offering opportunity for rent optimization through interior upgrades. The surrounding Little Haiti neighborhood is undergoing rapid growth and redevelopment, drawing both local and national investment. This trend supports long-term value for multifamily properties in the area, making this a strategic opportunity for investors seeking exposure to an evolving market.

Frequently Asked Questions

What type of property is this and where is it located?

This is a quadruplex located at 36 NE 65th St, Miami, FL 33138. It is part of the Liberty Park Amendment Place First Addition subdivision.

How much does the property cost and how large is it?

The property is listed for sale at $3,990,000. The total living area is 15,996 square feet.

When was the building constructed?

The building was constructed in 1922.

What is the unit mix like and what opportunities exist for the property?

The two-story building has a desirable unit mix that caters to the demand for affordable and workforce housing. Current rents are below market averages, offering potential for interior renovations and rent optimization.

What are the location benefits of this property?

The property is located just east of North Miami Avenue, near the Miami Design District, Wynwood, and Midtown. It offers tenants access to major employment centers, retail, and cultural amenities.

What is the current market condition for the area?

Little Haiti is experiencing rapid growth and redevelopment, attracting both local and national investment. This trend enhances the long-term value of multifamily assets in the submarket.