Renovated 10-Unit Apartment
1000 7th St, Miami Beach, FL 33139
For Sale
New
$4,100,000
All residences have in-unit laundry, and the property includes four private parking spaces.
Property Size7,868 SF
Lot Size0.17 Acres
Price / SF$521.10
Days on Market2
Property Features for 1000 7th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer
BBQ patio
true
7
Flood Zone
Public
7500
4
Assigned,Common,On Street
City Street
7868
1
10
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Capital Realty
(954) 953-5363
Listed By:
Renee Olivier
Source:
Onemarketrealestate
Added: Nov 6
Last Checked: Nov 6 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
Built in 1951, this two-story apartment property contains 10 residences: seven two-bedroom units and three one-bedroom units. The 7,868-square-foot building occupies a 7,500-square-foot lot in Miami Beach. A full renovation included new air conditioning, water heaters, plumbing, electrical panels, and roof work. Kitchens feature quartz counters, stainless steel appliances, and breakfast bars; each unit also has a washer and dryer. The interiors have engineered wood flooring and updated bathrooms.
The property has four private parking spaces and a barbecue patio. Its 40-year recertification was completed in 2022.
The property has four private parking spaces and a barbecue patio. Its 40-year recertification was completed in 2022.
Key Highlights
- 10 apartments: seven 2‑bedroom units and three 1‑bedroom units
- 7,868‑square‑foot building on a 7,500‑square‑foot lot
- Renovated systems include air conditioning, water heaters, plumbing, electrical panels, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,004
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,420,080
$2.4M
Cap Rate 7%
$1,728,629
$1.7M
Cap Rate 9%
$1,344,489
$1.3M
Market Conditions
NOI Build-Up for 7,868 SF
Gross rent
$230.4K $29.28/SF
− Vacancy
−$10.4K −$1.32/SF
EGI
$220.0K $27.96/SF
− OpEx
−$99.0K −$12.58/SF
NOI
$121.0K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,420,080
Cap Rate 7%
$1,728,629
Cap Rate 9%
$1,344,489
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,004 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,424 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Miami Beach, FL
Properties on Market for Apartment buildings in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences have in-unit laundry, and the property includes four private parking spaces.
Where is this apartment building located?
The property is located at 1000 7th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 10 apartments: seven 2‑bedroom units and three 1‑bedroom units; 7,868‑square‑foot building on a 7,500‑square‑foot lot; Renovated systems include air conditioning, water heaters, plumbing, electrical panels, and roof
