Northridge Apartments | 32-Unit Miami Multifamily Investment Sale (6.66% Cap Rate)

Premier Miami Multifamily Investment: Northridge Apartments at 18101 NW 7th Avenue

Featuring major recent capital expenditures, a compelling 6.66% Cap Rate, and complete 100% average occupancy, Northridge Apartments at 18101 NW 7th Avenue, Miami, FL 33169 represents a standout commercial acquisition opportunity in North Miami-Dade County. Offered at a newly reduced price of $7,000,000 ($218,750 per unit), this 32-unit low-rise apartment community spans 32,988 square feet situated on a expansive 1.08-acre lot.

Designed for low-friction asset management and ongoing cash flow, the property has undergone massive infrastructure modernizations—including a brand-new roof installed in 2026, full replacement of underlying cast-iron plumbing with modern PVC, and a fully resurfaced parking lot—significantly minimizing near-term capital expenditure requirements for incoming ownership.

Commercial Property Facts & Key Financial Metrics

• Offering Price: $7,000,000 (PRICE DROP / REDUCED)

• Price Per Unit: $218,750 / Unit

• Capitalization Rate: 6.66% Cap Rate

• Total Units: 32 Units

• Property Name: Northridge Apartments

• Property Type: Commercial Multifamily / Low-Rise Apartment Building (Class C)

• Total Building Size: 32,988 SF

• Lot Size: 1.08 Acres / 47,044 SF

• Average Occupancy: 100% Occupied (Stabilized Turnkey Cash Flow)

• Year Built: 1968 (Fully Modernized Heavy Infrastructure)

• Zoning Code: RU-5 (Residential Urban District)

• Parking Ratio: On-Site Surface Parking (2.24 / 1,000 SF Ratio)

• Property Status: Active Commercial Investment Sale

Completed Major Capital Improvements & Value-Add Potential

Engineered with recent multi-thousand-dollar structural and utility upgrades:

• Brand-New 2026 Roof Installation: Fully replaced roof structure completed in 2026, offering long-term weather protection, lower insurance overhead, and zero immediate roof CapEx.

• Complete PVC Plumbing Conversion: All legacy underground cast-iron plumbing systems have been systematically replaced with modern PVC piping, eliminating common age-related maintenance issues.

• Resurfaced Surface Parking Lot: Smooth, freshly resurfaced asphalt parking lot providing clean curb appeal and ample parking across a spacious 1.08-acre footprint.

• High-Demand Unit Mix: Composed primarily of 23 spacious 2-bedroom / 1-bathroom units (~1,000 SF) and 9 functional 1-bedroom / 1-bathroom units (~750 SF), meeting strong local family workforce housing demand.

• Operational Amenities: Features central/wall air conditioning, heating, full kitchen suites (ranges and ovens), on-site property management, 24-hour access, and walk-up building design.

Prime Miami Gardens / North Miami-Dade Location

Positioned directly on NW 7th Avenue with rapid transit and employment connectivity:

• Direct Commuter Arterials: Located directly along NW 7th Avenue with immediate access to Interstate 95 (I-95), Palmetto Expressway (SR-826), Golden Glades Interchange, and Florida's Turnpike.

• High-Density Employment Corridors: Minutes from major commercial logistics centers, Hard Rock Stadium, Jackson North Medical Center, and North Miami retail centers.

• Public Transit Access: Fronts active public transportation routes and pedestrian/biking corridors, facilitating easy commutes for long-term resident tenants.

Whether you are seeking a stabilized 6.66% Cap Rate yield asset in Miami-Dade County, a value-add 32-unit apartment portfolio with new 2026 CapEx completed, or an investment with turnkey occupancy at 18101 NW 7th Avenue, Northridge Apartments delivers scale, location, and risk-mitigated performance.