$5,500,000
San Juan Motel for Sale | Prime Little Havana Prime Commercial Real Estate Miami
Miami, Florida
Soft OfferLittle River Gardens
1 NE 78th Street, Miami, Florida 33138
$2,600,000
$347 / sq ft 6.38% cap rate Listed Jun 19, 2026
7,496 sqft
Building
13,063 sqft
Lot
1971
Built
2
Stories
19
Parking
13
Units
About this property
Little River Gardens is a multifamily for sale in Miami, Florida, listed at $2,600,000. Key details: year built 1971, building size 7,496 sqft, lot size 13,063 sqft, stories 2. Listed by Vicente Rodriguez of Fausto Commercial on LoopingCloud and last updated June 19, 2026.
Fausto Commercial Realty presents a premier multifamily investment opportunity at 1 NE 78th Street, Miami, FL. Located in the heart of the rapidly evolving Little River corridor, this 13-unit apartment building offers a rare combination of immediate, stable cash flow and significant long-term redevelopment potential.
Investment Highlights
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Stable Income & Yield: The property features a total of 7,496 SF of living area on a 13,063 SF corner lot. With an asking price of $2,600,000, it produces an in-place NOI of ~$166,000, delivering a 6.39% cap rate.
-
Prime Urban Location: Situated in one of Miami’s most dynamic growth markets, the property benefits from excellent visibility, high walkability, and seamless access to the Design District, Wynwood, and Downtown Miami.
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Significant Redevelopment Upside: The property is zoned T6-8-O, permitting high-density, mixed-use development up to eight stories. This zoning provides a major value-add driver for developers looking for assemblage or land-banking strategies in a high-demand urban neighborhood.
-
Proven Operational Asset: Built in 1971 and currently fully operational, this asset allows investors to capitalize on immediate rental income while maintaining the flexibility for future site intensification.
Key highlights
- Occupied
- T6-8-O zoning
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Year Built
- 1971
- Building Size
- 7,496 sqft
- Lot Size
- 13,063 sqft
- Stories
- 2
- Parking Spaces
- 19
- Total Units
- 13
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $166,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.38%
Cap rate
$166,000
Net operating income
$347
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,600,000 | 6.39% | - | - | - |
Features and amenities
Property Other Use Types
- T6-8-O zoning
Highlights
- strong visibility, walkability, and proximity to the Design District, Wynwood, Downtown Miami, and major transit arteries.
Location
Address as shown by the lister.
Get directionsAbout this area - Miami
- Population
- 29,522
- Housing units
- 13,348
- Land area
- 4.3 sq mi
- County
- Miami Dade
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Links
1 linkFrequently asked questions
What is the asking price of Little River Gardens?
Little River Gardens is listed at $2,600,000. That works out to about $347 per square foot. The stated cap rate is 6.38%.
Where is Little River Gardens located?
The property is in 1 NE 78th Street, Miami, Florida 33138, Miami Dade County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 7,496 sqft. The lot is 13,063 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Vicente Rodriguez of Fausto Commercial listed this property. Use the Request Info button to send a message or call (305) 431-2258.
When was this listing published?
It was published on June 19, 2026 and last updated on June 19, 2026.
Listing information
- Listing ID
- CL-Florida-27930
- Published
- Jun 19, 2026
- Last updated
- Jun 19, 2026
Report a problem with this listing
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