Little River Gardens

Fausto Commercial Realty is proud to present 1 NE 78th Street, a 13-unit multifamily asset strategically located in the heart of Little River, one of Miami’s fastest-evolving urban corridors. Situated on a prominent corner lot with frontage along NE 78th Street, the property benefits from strong visibility, walkability, and proximity to the Design District, Wynwood, Downtown Miami, and major transit arteries. Built in 1971, the two-story building totals approximately 7,496 SF of living area on a 13,063 SF lot and is currently operating with stable in-place income. At the $2,600,000 asking price, the property generates an in-place NOI of approximately $166,000, reflecting a 6.39% cap rate, with modest upside through operational efficiencies and rent growth. A key differentiator ? and major long-term value driver ? is the property’s T6-8-O zoning, allowing for high-density, mixed-use redevelopment. This zoning supports up to eight stories, making the site highly attractive for future redevelopment, assemblage, or land-banking strategies as Little River continues its transformation into a high-demand urban neighborhood. This offering presents investors with a rare combination of strong current cash flow and significant redevelopment optionality, positioning 1 NE 78th Street as an ideal acquisition for both yield-focused buyers and long-term developers seeking exposure to one of Miami’s most dynamic growth markets.