4-Unit Multifamily
1170 71st Street, Miami Beach, FL 33141
For Sale
$1,299,000
A first-floor three-bedroom residence is paired with three one-bedroom apartments upstairs.
Property Size3,759 SF
Price / SF$345.57
Days on Market20
Property Features for 1170 71st Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
common coin operated laundry area
Other,Tile
true
2
Common Area
Back Yard,Fenced
< 1/4 Acre
false
Public
6675
8
0.15
Lighting,Other,Storage
3759
Building Details
Building Size
Year Built
Stories
Listing Agency:
(772) 888-1826
Listed By:
Veronique Campbell
Source:
Floridarealestatenavigators
Added: Oct 19
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Veronique Campbell
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Investment Insights
Based on property information with market context.
This 3,759-square-foot multifamily property contains four apartments. The first floor has a three-bedroom, two-bath unit, while the second floor holds three one-bedroom, one-bath units. The roof is two years old. Each apartment has a separate electric meter, and residents share a coin-operated laundry area. The property has one water meter.
The building is in Miami Beach, near Normandy Isle, beaches, shopping, restaurants, and public transportation. Three tenants are on month-to-month leases, and the fourth unit has an annual lease.
The building is in Miami Beach, near Normandy Isle, beaches, shopping, restaurants, and public transportation. Three tenants are on month-to-month leases, and the fourth unit has an annual lease.
Key Highlights
- Four apartments: one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units
- 3,759 square feet under air
- Roof is 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,662
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,240
$1.3M
Cap Rate 7%
$895,171
$895.2K
Cap Rate 9%
$696,244
$696.2K
Market Conditions
NOI Build-Up for 3,759 SF
Gross rent
$94.7K $25.20/SF
− Vacancy
−$5.2K −$1.39/SF
EGI
$89.5K $23.81/SF
− OpEx
−$26.9K −$7.14/SF
NOI
$62.7K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,240
Cap Rate 7%
$895,171
Cap Rate 9%
$696,244
Alternative Uses
Best Use
Multifamily LT 5
$895.2K
$783.3K – $1.04M
NOI $62,662 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$825.9K
$722.6K – $963.5K
NOI $57,811 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,497 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Miami Beach, FL
Properties on Market for Quadplexes in Miami Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A first-floor three-bedroom residence is paired with three one-bedroom apartments upstairs.
Where is this quadplex located?
The property is located at 1170 71st Street Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four apartments: one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units; 3,759 square feet under air; Roof is 2 years old
