1143 NW 6th St

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1143 NW 6th St

Miami, FL 33136
Asking Price
$1.10M
Asset Type
Multifamily
Class
Class B

What's Special

1143 NW 6th St is located in the Overtown neighborhood of Miami, situated just west of the downtown urban core. The property benefits from its proximity to the Health District, the Brightline MiamiCentral Station, and the Miami River district. Access to major transportation arteries, including I-95 and the Dolphin Expressway, is within a few blocks, providing connectivity to the broader metropolitan area. Local amenities include public parks, grocery stores, and the diverse entertainment options found in nearby Wynwood and Brickell. The property is suited for multifamily redevelopment or value-add renovation to serve Miami’s workforce housing market. Given its central location, the asset is positioned to attract a tenant profile consisting of urban professionals, healthcare staff from the nearby medical centers, and service employees working in the downtown area. The site offers a foundational opportunity for rental housing in an area characterized by increasing residential density and ongoing urban transit improvements.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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