10-Unit Multifamily Building with Impact
For Sale
$2,000,000
Pending
694 NE 76th St, Miami, FL 33138
All units have been updated with central AC and impact windows, plus onsite laundry and parking.
Property Size7,162 SF
Days on Market2377
Property Features for 694 NE 76th St
General Information
Standard status
Pending
Size
7,162 SF
Property subtype
General Commercial
Units
Unit Mix
8 x large studio, 2 x JR PH apt
Multifamily Units
10
Amenities
impact windows
central AC
laundry
3
Building Details
Year Built
1927
Buildings
1
Listing Agency:
BHHS EWM Realty
(305) 343-0517
Listed By:
Josephine Pampanas · License #0585320
(305) 343-0517
Source:
Xome
Added: Feb 2, 2020
Changed: Jul 30
Last Checked: Jul 30 at 6:59AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This 10-unit multifamily building offers an apartment-style unit mix of eight large studios and two junior one-bedroom (junior PH) apartments. Public remarks indicate all units have been updated and include impact windows and central AC. The property also provides onsite laundry and onsite parking for residents.
The building is positioned inside the gated Belle Meade community. The property size is listed as 7,162 square feet, and the building was built in 1927. Interior guest facilities are listed as 3.
No pool is noted as an exterior feature.
The building is positioned inside the gated Belle Meade community. The property size is listed as 7,162 square feet, and the building was built in 1927. Interior guest facilities are listed as 3.
No pool is noted as an exterior feature.
Key Highlights
- 10‑unit mix: 8 large studios and 2 junior PH apartments
- All units updated with impact windows
- Central AC in all units
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 | $257.8k | $36.00 |
| − Vacancy | −$17.3k | −$2.41 |
| EGI | $240.6k | $33.59 |
| − OpEx | −$108.3k | −$15.11 |
| NOI | $132.3k | $18.47 |
7,162 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.65M – $2.21M
NOI $132,306 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.83M
$4.23M – $5.64M
NOI $338,408 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All units have been updated with central AC and impact windows, plus onsite laundry and parking.
Where is this apartment building located?
The property is located at 694 NE 76th St Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10‑unit mix: 8 large studios and 2 junior PH apartments; All units updated with impact windows; Central AC in all units
