Two Apartment Buildings
2130 Northwest 28th Street Miami, FL 33142
2130 Northwest 28th Street, Miami, FL, 33142
$3,100,000
For Sale
$3,100,000
Portfolio includes two well-maintained buildings totaling 15 units, generating gross potential income over $310,000 annually.
Property Size7,324 SF
Price / SF$423.27
Days on Market797
Property Features for 2130 Northwest 28th Street
General Information
- Standard status
- Active
- Size
- 7,324 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1962
Listing agency
London Foster Realty
(305) 514-0100
Listed by
Lina Mir Sportiello · License #3371793
(305) 514-0100
Source
Compass
Added: May 17, 2024 Updated: Jul 21 at 7:25PM Checked: Jul 22 at 9:44AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This for-sale portfolio offers two well-maintained apartment buildings totaling 15 units, presented as an income-producing multifamily acquisition. The public remarks project gross potential income over $310,000 per year and cite a 10% gross ROI.
One building is associated with Allapattah and is described as zoned T4-R. The second building is associated with Hialeah and is described as zoned R3D; the other building’s address is listed as 265 E 7th St, Hialeah, FL 33010. The portfolio’s primary address is 2130 Northwest 28th Street, Miami, FL 33142.
Overall, the asset is positioned as a stabilized two-building rental property with unit-level scale across two locations, supported by the provided unit count and projected income figures.
One building is associated with Allapattah and is described as zoned T4-R. The second building is associated with Hialeah and is described as zoned R3D; the other building’s address is listed as 265 E 7th St, Hialeah, FL 33010. The portfolio’s primary address is 2130 Northwest 28th Street, Miami, FL 33142.
Overall, the asset is positioned as a stabilized two-building rental property with unit-level scale across two locations, supported by the provided unit count and projected income figures.
Key Highlights
- Portfolio of two well‑maintained apartment buildings totaling 15 units
- Gross potential income over $310,000 per year (per provided listing information)
- Allapattah building is zoned T4‑R
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 | $263.7k | $36.00 |
| − Vacancy | −$17.7k | −$2.41 |
| EGI | $246.0k | $33.59 |
| − OpEx | −$110.7k | −$15.11 |
| NOI | $135.3k | $18.47 |
7,324 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,299 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.94M
$4.33M – $5.77M
NOI $346,062 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Portfolio includes two well-maintained buildings totaling 15 units, generating gross potential income over $310,000 annually.
Where is this apartment building located?
The property is located at 2130 Northwest 28th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Portfolio of two well‑maintained apartment buildings totaling 15 units; Gross potential income over $310,000 per year (per provided listing information); Allapattah building is zoned T4‑R
