This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building. The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
7
/10
Edison Park K-8 Center
500 NW 67th St
Distance between this listing and this school0.13 miles
Public District Grades PK-5
4
/10
Holmes Elementary School
1175 NW 67th St
Distance between this listing and this school0.63 miles
Public District Grades PK-5
2
/10
Jesse J. McCrary, Jr. Elementary School
514 NW 77th St
Distance between this listing and this school0.70 miles
Public District Grades PK-5
Nearby Schools
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school1.41 miles
Public District Grades 6-8
4
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.54 miles
Public Magnet Grades 6-8
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school1.97 miles
Public Charter Grades 6-9
Nearby Schools
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school0.25 miles
Public Magnet Grades 9-12
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school0.46 miles
Public Magnet Grades 9-12
4
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school0.55 miles
The neighbors living near this home have an average income of $40,000. Residents of Miami, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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This home is located at 584 NW 65th St in Miami, FL and zip code 33150 in the Liberty City East neighborhood. This 8,340 square foot home was built in 1968. It has been listed on Rocket Homes since December 28, 2024 and is currently priced at $2,750,000.
Miami, FL housing market in December 2024 saw over 42 listings sold above listed price, more than 95 sold at listed price and over 562 sold below. In December 2024 in Miami, FL there were 6.9% more homes for sale than in November 2024. Listings spent 68 days on the market in December 2024, and had a median list price of $570,654 during the same period.
From Rocket Homes Real Estate and based on county public records data.
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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