Multifamily Property with Two-Street
111 NW 76th St Miami, FL 33150
For Sale
$1,825,000
Pending
Multifamily offering 12 cash-flowing units with 100% occupancy across three folios, with access on two streets.
Property Size7,770 SF
Days on Market2065
Property Features for 111 NW 76th St
General Information
Standard status
Pending
Size
7,770 SF
Property subtype
General Commercial
Building Details
Year Built
1952
Listing Agency:
Keller Williams Eagle Realty
(786) 858-5292
Listed By:
John Salt · License #3270043
(786) 858-5292
Source:
Xome
Added: Dec 2, 2020
Changed: Jul 27
Last Checked: Jul 27 at 12:57AM
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 Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This multifamily property is back on the market and comprises 12 existing cash-flowing units with 100% occupancy. The offering is spread across three folios: 111 NW 76th St, 110 NW 77th St, and 100 NW 77th St. Reported rents are below market, with the seller noting potential to increase significantly. The property also includes favorable commercial zoning (T5-R) and is located in an Opportunity Zone, which may offer potential capital gains tax savings for the buyer.
The property has access on two streets, providing multiple points of ingress/egress for residents and operations.
With its current occupied unit mix and the opportunity for future redevelopment referenced in the materials, this is a buy-and-hold focused offering for investors evaluating current income along with long-term site strategy in the Little Haiti/Little River area.
The property has access on two streets, providing multiple points of ingress/egress for residents and operations.
With its current occupied unit mix and the opportunity for future redevelopment referenced in the materials, this is a buy-and-hold focused offering for investors evaluating current income along with long-term site strategy in the Little Haiti/Little River area.
Key Highlights
- 12 cash‑flowing units with 100% occupancy across 3 folios
- Three folios included: 111 NW 76 St, 110 NW 77 St, and 100 NW 77 St
- Access on 2 streets
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 | $279.7k | $36.00 |
| − Vacancy | −$18.7k | −$2.41 |
| EGI | $261.0k | $33.59 |
| − OpEx | −$117.4k | −$15.11 |
| NOI | $143.5k | $18.47 |
7,770 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,538 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.24M
$4.59M – $6.12M
NOI $367,136 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily offering 12 cash-flowing units with 100% occupancy across three folios, with access on two streets.
Where is this apartment building located?
The property is located at 111 NW 76th St Miami, FL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 12 cash‑flowing units with 100% occupancy across 3 folios; Three folios included: 111 NW 76 St, 110 NW 77 St, and 100 NW 77 St; Access on 2 streets
