111 Northwest 77th Street

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111 Northwest 77th Street

Miami, FL 33150
Asking Price
$2.30M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

±0.48-Acre T5-R Assemblage in Little River | Opportunity Zone | Covered-Land Upside <ul><li>​<span style="color: rgba(23, 23, 27, 1)">$2,300,000 single-sale assemblage: ±0.48 acre / 20,776 SF, two contiguous parcels, common ownership</span></li><li>​<span style="color: rgba(23, 23, 27, 1)">Approximately $111 per land SF, a discount to recent Little River development-site pricing</span></li><li>​<span style="color: rgba(23, 23, 27, 1)">T5-R: up to 31 units by right; five-story envelope only partially utilized</span></li><li>​<span style="color: rgba(23, 23, 27, 1)">Covered-land

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

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