60 NW 161st St

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60 NW 161st St

Miami, FL 33169
Asking Price
$2.08M
Asset Type
Multifamily
Class
Class B

What's Special

60 NW 161st St is situated in North Miami, positioned within a mixed-use district characterized by a blend of residential developments and commercial corridors. The property offers proximity to major retail centers along NE 167th Street and the Golden Glades interchange, a primary regional transit hub. This location provides direct access to I-95, the Florida Turnpike, and the Palmetto Expressway, facilitating commutes to major employment centers in both Miami-Dade and Broward Counties. Local bus routes serve the immediate area, connecting residents to nearby parks and essential services. The asset is suitable for value-add renovation or professional management as a rental community. Given its proximity to regional transportation arteries, the location typically attracts a tenant profile comprised of workforce professionals and commuters seeking central access to the South Florida metropolitan area. The property serves as a functional housing option for those employed in the surrounding logistics, healthcare, and retail sectors. Its configuration allows for stable long-term occupancy within a high-demand rental market.

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NOI
$80,000
Cap Rate
3.84%
DSCR
0.65
Underwater
Cash-on-Cash
-7.00%
Monthly Payment
$10,315.442
Annual Cash Flow
$-43,785.309

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