15 NW 204th St

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15 NW 204th St

Miami, FL 33169
Asking Price
$935K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 15 NW 204th St in Miami, Florida, this multifamily asset is situated within the North County neighborhood, positioned just south of the Broward County line. The property offers immediate proximity to major transit corridors, including the Florida Turnpike and I-95, facilitating regional commutes. Local amenities include the nearby Hard Rock Stadium complex and various retail centers along the NW 2nd Avenue and 27th Avenue corridors. The surrounding area is characterized by a mix of single-family residences and low-rise apartment buildings, providing a suburban residential atmosphere within the greater Miami metropolitan area. The property is well-suited for long-term residential rental use, catering to a workforce tenant profile employed in the nearby healthcare, logistics, and entertainment sectors. Given its scale and location, the asset serves individuals and families seeking attainable housing with direct access to employment hubs in both Miami-Dade and Broward counties. The site is ideal for investors focused on stable multifamily operations or those looking to capitalize on the sustained demand for rental units in the North Miami submarket.

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NOI
$80,000
Cap Rate
8.56%
DSCR
1.44
Strong
Cash-on-Cash
8.73%
Monthly Payment
$4,625.87
Annual Cash Flow
$24,489.562

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