6500 NW 21st Ave

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6500 NW 21st Ave

Miami, FL 33147
Asking Price
$779K
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 features a total of two individual units.
  • Asking price for the asset is set at $779,000.
  • Located within the Miami metro residential market area.
  • Asset type suitable for long-term residential rental investment.

What's Special

Priced at $779,000, this multifamily apartment building located at 6500 NW 21st Ave presents a clear investment option within the Miami market. The property consists of two distinct units, providing a straightforward addition to an existing rental portfolio or a manageable entry point for a private investor. The surrounding Miami area remains a dense and active environment, characterized by consistent demand for residential housing and proximity to major urban infrastructure. Capitalizing on the stable local rental climate, this asset type serves as a functional vehicle for long-term income generation. The building layout supports residential use, fitting well into the diverse housing fabric of the neighborhood. Investors seeking exposure to the South Florida market will find this property aligns with typical apartment living requirements found throughout the metro region. Its structure allows for immediate utility in a competitive real estate landscape where residential inventory remains a key component of the economy.

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NOI
$80,000
Cap Rate
10.27%
DSCR
1.73
Strong
Cash-on-Cash
14.44%
Monthly Payment
$3,854.067
Annual Cash Flow
$33,751.196

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