131 NE 77th St, Miami, FL 33138
Renovated 6-unit multifamily property in Little River near Design District.
- Added:
- Sep 17, 2024
- Days on Market:
- 631
- Last Refresh:
- May 12 at 10:24 pm
Property Features for 131 NE 77th St
General Information
- Standard status
- Active
- Size
- 6,090 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing agent Adner Joseph License #3492748
Listing office London Foster Realty
Listing date Sep 17, 2024
Source Crexi
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
HighLights
- Prime location in Little River near the Design District and Wynwood, included in Major Developments.
- Renovated 2‑story multifamily property with 6 units, each featuring 2 bedrooms and 1 bathroom.
- New roof and Impact Windows.
- Corner lot property is fenced.
- Opportunity to build a brand‑new property or rent out the 6 units for monthly income.
- Easy access to Major Highways, Downtown Miami, and Miami Beach.
Overview
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 | $219.2k | $36.00 |
| − Vacancy | −$14.7k | −$2.41 |
| EGI | $204.6k | $33.59 |
| − OpEx | −$92.0k | −$15.11 |
| NOI | $112.5k | $18.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.194239
- Latitude
- 25.845767
