Residential Income
2865 NW 22nd Ave Miami, FL 33142
For Sale
$875,700
Multi-unit residential income property in Miami near major highways and close to Little Havana entertainment district.
Property Size2,511 SF
Price / SF$348.75
Days on Market1158
Property Features for 2865 NW 22nd Ave
General Information
- Standard status
- Active
- Size
- 2,511 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency:
Pinnacle Realty of Florida
(786) 298-8214
Listed By:
Roberto Claro · License #3570526
(786) 298-8214
Source:
Exitrealty
Added: May 24, 2023
Changed: Jul 21
Last Checked: Jul 23 at 9:16AM
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 Pinnacle Realty of Florida
Investment Insights
Based on property information with market context.
This residential income property offers an income-focused multi-unit configuration in Miami. The offering is listed for sale.
The property is described as being close to major highways and near the Little Havana entertainment district. The public remarks also indicate the property is next to 2855 NW 22 AVE, which is also for sale.
The property is described as being close to major highways and near the Little Havana entertainment district. The public remarks also indicate the property is next to 2855 NW 22 AVE, which is also for sale.
Key Highlights
- Multi‑unit residential income property in Miami
- Year built: 1960
- Close to major highways
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 | $90.4k | $36.00 |
| − Vacancy | −$6.1k | −$2.41 |
| EGI | $84.3k | $33.59 |
| − OpEx | −$38.0k | −$15.11 |
| NOI | $46.4k | $18.47 |
2,511 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$662.7K
$579.8K – $773.1K
NOI $46,387 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,646 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Multi-unit residential income property in Miami near major highways and close to Little Havana entertainment district.
Where is this residential income property located?
The property is located at 2865 NW 22nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $875,700.
What are key features of this property?
This property features: Multi‑unit residential income property in Miami; Year built: 1960; Close to major highways
