370 NE 55th St

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370 NE 55th St

Miami, FL 33137
Asking Price
$483K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Miami.
  • Property located in the 33137 zip code area.
  • Asking price for this investment asset is 482900 dollars.
  • Strategic location within a prominent South Florida urban market.
  • Asset type provides versatility for various rental housing strategies.

What's Special

This multifamily apartment building is positioned in Miami, Florida, within the 33137 zip code. The property represents a functional asset for investors looking to establish a presence in one of the most active real estate markets in the United States. Miami continues to benefit from steady population growth and a diverse economy driven by international trade, finance, and tourism. The surrounding area features a dense urban environment that supports consistent demand for rental housing options. Given the current market dynamics in Miami-Dade County, this asset is well-suited for long-term hold strategies or repositioning efforts aimed at the local rental population. The site at 370 NE 55th St provides proximity to key transportation corridors and the various economic hubs characterizing the metropolitan landscape. Investors will find that the location serves as an effective base for residential operations, benefiting from the consistent influx of residents seeking convenient access to the regional urban core and its extensive amenities.

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NOI
$80,000
Cap Rate
16.57%
DSCR
2.79
Strong
Cash-on-Cash
35.43%
Monthly Payment
$2,389.126
Annual Cash Flow
$51,330.491

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