1958 NE 172nd St, North Miami Beach, Florida 33162





MLS#: A11856839
$1,100,000 USD
- Apartment
199 m² (2,142 ft²)
Listed By JDM Realty Group, Inc
The Apartment for Sale located at North Miami Beach, Florida 33162 is currently for sale. North Miami Beach, Florida 33162 is listed for $1,100,000. This property has Subdivision features. If the property located at North Miami Beach, Florida 33162 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Apartments for Sale in North Miami Beach .
Date Updated : Aug 19, 2025
Property features
Key features
- Subdivision
Construction details
- Year built: 1958
- Roofing: Shingle
Other features
- Cooling system: Wall Or Window Units
Area
- Property size:
199 m² (2,142 ft²)
Description
This fully renovated 4-unit multifamily property in North Miami Beach—just minutes from Aventura Mall and Greynolds Park—offers a prime turnkey investment with strong, stable cash flow. Featuring three 1-bedroom units and one 2-bedroom unit, all leased long-term at $1,650–$2,350 per month, the property generates over $88,140 in gross scheduled income annually, with additional upside potential through Section 8 (1/1 rents up to ~$1,950). Upgrades include new kitchens, bathrooms, flooring, plumbing, mini-split A/C systems, and hurricane impact windows. With high rental demand, limited local inventory, and comparable sales supporting long-term appreciation, this is a rare opportunity to acquire a stabilized, cash-flowing asset in a rapidly tightening market.
Location

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.