1 78th St , for Sale & Rent

1 78th St for Sale & Rent

Price $2,600,000.00

• Lot size 13063
• Year Build 1971
• Waterfront
• Zip 33138
• Style
• Parking Description
• Pool Yes
• Status Active

Description

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-3554

13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Latitude:25.8465603,List Price:2600000,Listing Id:A12011267,Longitude:-80.196634,Mls Status:Active,Year Built:1971,Postal Code:33138,Street Name:78th St,Coordinates:1:25.8465603,Photos Count:30,Business Type:1:Residential-Multi-Family,Days On Market:16,Lot Size Units:Square Feet,M I A M I R E_ Area:30,On Market Date:2026-04-15,Parcel Number:01-31-12-014-0150,Property Type:Commercial Sale,Street Number:1,Public Remarks:13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.,County Or Parish:Miami-Dade County,Expiration Date:2027-06-21,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4339,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Unparsed Address:1 NE 78th St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Building Area Total:6395,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:13063,M I A M I R E_ Flood Zone:X,Original List Price:2600000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban neighborhoods. Positioned on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and quick connectivity to the Design District, Wynwood, and Downtown Miami, as well as major transit corridors. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. Offered at $2,600,000, the property generates an in- place NOI of approximately $191,000, equating to a 7.35% cap rate, with modest upside through rent growth and operational efficiencies. A key value driver is the T6-8-O zoning, which supports high-density mixed- use redevelopment of up to eight stories, positioning the asset for future redevelopment, assemblage, or land- banking as Little River continues its transformation.,Listing Contract Date:2026-04-15,Originating System I D:miamire,Public Survey Section:12,Street Number Numeric:1,Tax Legal Description:LITTLE RIVER GDNS PB 7-26 LOT 5 LESS W10.96FT FOR R/W & ALL LOT 6 BLK 26 LOT SIZE 13063 SQ FT OR 20501-1331/20672-4581 0502 6 COC 25392-3554,M I A M I R E_ Current Price:2600000,Public Survey Township:31,M I A M I R E_ Total Mortgage:1300000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:13-unit multifamily asset strategically located in the heart of Little River,M I A M I R E_ Parcel Number M L X:0150,M I A M I R E_ Street View Param:1$25.84661$-80.19664$290.52$13.33$1.00$_G9CUiWm9POXF1B1Ex2lZg,Contract Status Change Date:2026-04-15,Internet Address Display Y N:1,Number Of Units In Community:13,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:14,M I A M I R E_ Agent Alternate Phone:305-510-6627,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1 NE 78th St,