Sophisticated Urban Living
15770 SW 106th Ter 205 Miami, FL 33196
15770 SW 106th Ter 205, Miami, FL, 33196
$280,000
For Sale
$280,000
2 bed, 2 bath unit ideal for urban living.
Property Size1,075 SF
Price / SF$260.47
Days on Market552
Property Features for 15770 SW 106th Ter 205
General Information
- Standard status
- Active
- Size
- 1,075 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1990
Listing Agency
Real Time Finders, LLC
(305) 420-6543
Listed by
Sebastian Fernandez Roger · License #3258510
(305) 420-6543
Source
Exitrealty
Added: Jan 10, 2025 Checked: Jul 16 at 5:14 am
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 Real Time Finders, LLC
Investment Insights
Based on property information with market context.
This unit features 2 bedrooms and 2 bathrooms, making it suitable for individuals or small families seeking a sophisticated urban living experience. The interior boasts a spacious and light-filled living area designed to create a welcoming ambiance. The modern open floor plan seamlessly connects the living, dining, and kitchen areas, providing an ideal space for entertaining guests or spending quality time with loved ones. Large windows allow natural light to flood the space, enhancing the bright and airy feel. The property size is 1075 square feet.
Key Highlights
- Two bedrooms and two bathrooms.
- Spacious and light‑filled living area.
- Modern open floor plan.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $36.00 |
| − Vacancy | −$2.6k | −$2.41 |
| EGI | $36.1k | $33.59 |
| − OpEx | −$16.2k | −$15.11 |
| NOI | $19.9k | $18.47 |
1,075 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$283.7K
$248.2K – $331.0K
NOI $19,859 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$725.6K
$634.9K – $846.6K
NOI $50,794 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - 2 bed, 2 bath unit ideal for urban living.
Where is this residential income property located?
The property is located at 15770 SW 106th Ter 205 Miami, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms.; Spacious and light‑filled living area.; Modern open floor plan.
