18 Units Building by Owner 1840 S Glades Dr Immeuble residentiel 18 lots 4 672 620 € (259 590 €/Lot) Taux de capitalisation 6 % North Miami Beach, FL 33162

18-Unit Multifamily Building for Sale – Miami – By Owner
Excellent investment opportunity!
Multifamily building with 18 spacious two-bedroom apartments, located in a desirable area of Miami. This property offers a strong cap rate, stable tenants, and consistent rental income. Well-maintained and fully occupied, it’s ideal for both seasoned investors and newcomers looking to grow their portfolio in South Florida.
- Great location
- Income-producing property
- High rental demand in the area
- 3% commission offered
- Owner Finincing Available
Call me at: 786-317-8986
...Or preferably email me at reynieracevedo@yahoo.com
P R O P E R T Y M E M O R A N D U M
Property Overview
• Property Name: Kelly
• Address: 1840 South Glade Dr, North Miami Beach, Florida 33162
• Type: Residential Multi-Family (18 Units – 2 Bedrooms, 1 Bathroom)
• Asking Price: $5,400,000 USD
• Occupancy: Fully Occupied
• Zoning: Residential Multi-Family
• Lot Size: 17,608 Sq Ft
• Building Size: 15,910 Sq Ft
• Year Built: 1990
• Renovated: 30-Year Re-Certification Passed in 2025 – New Roof (2024) and New Impact Windows
Financial Overview
Annual Gross Income:
• Rental Income: $36,000.00 Monthly
• Other Income (Laundry): $500.00 Monthly
• Total Annual Income: $438,000.00
Operating Expenses (Annual):
• Property Taxes: $39,173.00
• Insurance: $5,000.00
• Maintenance & Repairs: $20,000.00
• Utilities:
• FPL: $1,800.00
• Water & Sewer: $12,500.00
• Garbage: $9,600.00
• Fire Alarm: $750.00
• Elevator: $1,500.00
• Property Management: $18,000.00
Total Expenses: $108,323.00
Net Operating Income (NOI): $329,677.00
CAP Rate: 6.10%