1520 SW 1st St Miami, FL 33135
Six-unit multifamily building in Little Havana with parking.
Property Features for 1520 SW 1st St
General Information
- Standard status
- Active
- Size
- 4,420 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing office Rejoice Realty Group, Inc. (786) 263-8104
Listing date Jun 11, 2021
Source Crexi
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 Rejoice Realty Group, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Multifamily 6‑unit building, ideal for investment
- All units are 2/1, a desirable layout for tenants
- Located in the heart of Little Havana, a vibrant and popular area
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 | $159.1k | $36.00 |
| − Vacancy | −$10.7k | −$2.41 |
| EGI | $148.5k | $33.59 |
| − OpEx | −$66.8k | −$15.11 |
| NOI | $81.7k | $18.47 |
