8-Unit Apartment
10899 SW 7th St, Sweetwater, FL 33174
For Sale
New
$3,399,000
Eight apartments offer in-unit laundry, HVAC, and month-to-month occupancy.
Property Size8,376 SF
Lot Size0.29 Acres
Days on Market5
Property Features for 10899 SW 7th St
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
HVAC
in-unit washer and dryer
parking
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Fabian Lorenz-Talleyrand
(305) 772-6671
Source:
Elliman
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 8:54AM
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 Fabian Lorenz-Talleyrand
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two fourplexes comprise this eight-unit apartment property on a 12,500-square-foot site. The buildings contain 8,376 square feet, with each two-bedroom, one-bathroom apartment averaging 1,047 square feet. Every unit has HVAC and a full-size washer and dryer. Both buildings have completed their 40-year recertification, and all apartments are occupied on month-to-month terms.
The property is one block from Florida International University and spans the length of 109 Avenue between SW 7th Street and SW 6th Street. It is located in the City of Sweetwater’s University District.
The property is one block from Florida International University and spans the length of 109 Avenue between SW 7th Street and SW 6th Street. It is located in the City of Sweetwater’s University District.
Key Highlights
- Two fourplex buildings with eight 2‑bedroom, 1‑bathroom apartments
- 8,376 SF total building area on a 12,500 SF site
- Units average 1,047 SF; each has HVAC and a full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,976
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,599,520
$2.6M
Cap Rate 7%
$1,856,800
$1.9M
Cap Rate 9%
$1,444,178
$1.4M
Market Conditions
NOI Build-Up for 8,376 SF
Gross rent
$253.3K $30.24/SF
− Vacancy
−$17.0K −$2.03/SF
EGI
$236.3K $28.21/SF
− OpEx
−$106.3K −$12.70/SF
NOI
$130.0K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,599,520
Cap Rate 7%
$1,856,800
Cap Rate 9%
$1,444,178
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.62M – $2.17M
NOI $129,976 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.57M
$4.00M – $5.34M
NOI $320,175 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight apartments offer in-unit laundry, HVAC, and month-to-month occupancy.
Where is this apartment building located?
The property is located at 10899 SW 7th St Sweetwater, FL.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: Two fourplex buildings with eight 2‑bedroom, 1‑bathroom apartments; 8,376 SF total building area on a 12,500 SF site; Units average 1,047 SF; each has HVAC and a full‑size washer and dryer
