8-Unit Rental Building with
529 Northeast 66th Street Miami, FL 33138
For Sale
$1,280,000
Well-maintained eight-unit rental building with on-site laundry and an easy showing process.
Property Size4,693 SF
Price / SF$272.75
Days on Market2200
Property Features for 529 Northeast 66th Street
General Information
- Standard status
- Active
- Size
- 4,693 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
Global Investments Realty
(305) 438-1627
Listed By:
Joel Rodriguez · License #0545697
(305) 438-1627
Source:
Compass
Added: Jul 16, 2020
Changed: Jul 21
Last Checked: Jul 23 at 7:54AM
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 Global Investments Realty
Investment Insights
Based on property information with market context.
This well-maintained eight-unit rental building offers on-site laundry and is described as easy to show. The property is presented as part of a high-demand area.
The building is located in the heart of the Mimo District, with walking distance to restaurants along the Biscayne corridor.
The neighboring eight-unit property is also available for sale and may be purchased together or separately (MLS # A10841283).
The building is located in the heart of the Mimo District, with walking distance to restaurants along the Biscayne corridor.
The neighboring eight-unit property is also available for sale and may be purchased together or separately (MLS # A10841283).
Key Highlights
- Well‑maintained 8‑unit rental building built in 1925
- On‑site laundry for residents
- Easy to show
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 | $168.9k | $36.00 |
| − Vacancy | −$11.3k | −$2.41 |
| EGI | $157.6k | $33.59 |
| − OpEx | −$70.9k | −$15.11 |
| NOI | $86.7k | $18.47 |
4,693 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,696 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,746 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aquaticomon Group, LLC
Barber Shop
FAQs
What type of property is this?
Multifamily property - Well-maintained eight-unit rental building with on-site laundry and an easy showing process.
Where is this multifamily property located?
The property is located at 529 Northeast 66th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit rental building built in 1925; On‑site laundry for residents; Easy to show
