Mixed-Use Apartment Building with
6001 West Flagler Street Miami, FL 33144
For Sale
$6,200,000
15-unit mixed-use building with modern finishes, central A/C, and a ground-floor commercial suite facing W Flagler Street.
Property Size29,413 SF
Price / SF$210.79
Days on Market1044
Property Features for 6001 West Flagler Street
General Information
- Standard status
- Active
- Size
- 29,413 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 2019
Listing Agency:
Vizcaya International Realty Inc
(786) 505-9978
Listed By:
Kenny Silva · License #3251240
(786) 505-9978
Source:
Compass
Added: Sep 14, 2023
Changed: Jul 23
Last Checked: Jul 23 at 5:57PM
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 Vizcaya International Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property offers 15 total units, including eleven 2-bedroom/2-bath apartments, two 3-bedroom/2-bath apartments, one studio, and a ground-floor commercial suite. Built in late 2019, the residences feature central A/C, granite countertops with kitchen islands, impact windows and doors, tile flooring, and stainless steel appliances. Additional in-unit convenience includes washer/dryer and tankless water heaters.
The building includes a two-level parking garage with assigned spaces, an elevator, and a monitored fire alarm system. Security and connectivity are supported by a (12) 4K camera system and fiber-optic wiring intended for high-speed internet access. The commercial suite is on the ground floor and faces W Flagler Street.
The property is located in an Opportunity Zone and is identified with T5L zoning, which may provide future rental flexibility.
The building includes a two-level parking garage with assigned spaces, an elevator, and a monitored fire alarm system. Security and connectivity are supported by a (12) 4K camera system and fiber-optic wiring intended for high-speed internet access. The commercial suite is on the ground floor and faces W Flagler Street.
The property is located in an Opportunity Zone and is identified with T5L zoning, which may provide future rental flexibility.
Key Highlights
- 15‑unit mixed‑use property built in 2019 with ground‑floor commercial suite facing W Flagler Street
- Unit mix includes eleven 2 bed/2 bath, two 3 bed/2 bath, and one studio
- All units feature central A/C, granite countertops with kitchen islands, tile flooring, and stainless steel appliances
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 | $1.06M | $36.00 |
| − Vacancy | −$70.9k | −$2.41 |
| EGI | $987.9k | $33.59 |
| − OpEx | −$444.6k | −$15.11 |
| NOI | $543.4k | $18.47 |
29,413 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Retail
$13.71M
$12.00M – $15.99M
NOI $959,619 @ 7.0% cap · market cap 15.48%
Second Best
Apartment 5plus
$7.76M
$6.79M – $9.06M
NOI $543,358 @ 7.0% cap · market cap 8.76%
Theoretical Best
Specialty Retail
$19.85M
$17.37M – $23.16M
NOI $1,389,777 @ 7.0% cap · market cap 22.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Apartment building - 15-unit mixed-use building with modern finishes, central A/C, and a ground-floor commercial suite facing W Flagler Street.
Where is this apartment building located?
The property is located at 6001 West Flagler Street Miami, FL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 15‑unit mixed‑use property built in 2019 with ground‑floor commercial suite facing W Flagler Street; Unit mix includes eleven 2 bed/2 bath, two 3 bed/2 bath, and one studio; All units feature central A/C, granite countertops with kitchen islands, tile flooring, and stainless steel appliances
