




$1,100,000 USD
Apartment for Sale, 1958 NE 172nd St, North Miami Beach, Florida 33162
- MLS#A11856839
199 m² (2,142 ft²)
Listed By JDM Realty Group, Inc
The Apartment for Sale located at 1958 NE 172nd St, North Miami Beach, Florida 33162 is currently for sale. 1958 NE 172nd St, North Miami Beach, Florida 33162 is listed for $1,100,000.
Property features
Property
- Property size:
199 m² (2,142 ft²) - Location: Subdivision
Construction
- Year built: 1958
- Roofing: Shingle
- Construction: Detached
Heating and Cooling
- Cooling system: Wall Or Window Units
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
1958 NE 172nd St, North Miami Beach, Florida 33162