3767 NE 168 ST 3767 NE 168th St 4 Unit Apartment Building $2,230,000 ($557,500/Unit) 8.56% Cap Rate North Miami Beach, FL 33160
INVESTMENT HIGHLIGHTS
- Exclusive Property. Enjoy 80 feet of private waterfront deck – Direct Ocean Access!just minutes from the best beaches, restaurants and luxury shopping
- Perfect for short- and long-term rentals in a high-demand area. 40 recertification is complete! Owner Financing
- Four independent apartments, each with 1 bedroom and 1 bathroom on 850 sq ft, totally ready to move in.
EXECUTIVE SUMMARY
Exclusive Property in One of Miami’s Most Coveted Locations – Direct Ocean Access!
Enjoy 80 feet of private waterfront deck with direct access to the ocean — a true luxury in Miami, ideal for yacht owners and boating enthusiasts! Immediate income potential, perfect for short- and long-term rentals in a high demand area. Four independent apartments, each with 1 bedroom and 1 bathroom on 850 sq ft, totally ready to move in. Possibilities for developing new projects to build up to 3 townhomes in one of the city's most desirable and fast-growing neighborhoods.
Premium Eastern Shores location, just minutes from the best beaches, restaurants and luxury shopping center. 40 recertification is complete! Financing Terms: 3 Years, 7.5% interest-only, with balloon payment due at the end of the term.
Enjoy 80 feet of private waterfront deck with direct access to the ocean — a true luxury in Miami, ideal for yacht owners and boating enthusiasts! Immediate income potential, perfect for short- and long-term rentals in a high demand area. Four independent apartments, each with 1 bedroom and 1 bathroom on 850 sq ft, totally ready to move in. Possibilities for developing new projects to build up to 3 townhomes in one of the city's most desirable and fast-growing neighborhoods.
Premium Eastern Shores location, just minutes from the best beaches, restaurants and luxury shopping center. 40 recertification is complete! Financing Terms: 3 Years, 7.5% interest-only, with balloon payment due at the end of the term.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Views
- Deck
- Dining Room
- Patio
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Waterfront
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 850 |
1 of 1
PROPERTY TAXES
| Parcel Number | 07-2210-002-1610 | Total Assessment | $671,401 (2024) |
| Land Assessment | $316,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $354,601 (2024) | Tax Year | 2025 |
CONTACT
-
Juliana Correa -
Majestic Properties LLC
