7-Unit Apartment
New
For Sale
$2,449,900
1310 NW 6th Ave, Florida City, FL 33034
The freestanding property contains seven townhouses, with water and electricity separately metered for each unit.
Property Size8,597 SF
Days on Market4
Property Features for 1310 NW 6th Ave
General Information
Standard status
Active
Size
8,597 SF
Property subtype
Quadruplex
Additional Details
Gross Income
$152,400
Utilities to Site
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$23,655
Building Details
Building Size
8,597 SF
Year Built
2023
Buildings
1
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Yulianela Garces · License #3370646
(954) 439-5906
Source:
Relinkre
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 1:09PM
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 RE/MAX 5 Star Realty
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Investment Insights
Based on property information with market context.
Built in 2023, this freestanding multifamily property comprises seven townhouses. Six units are occupied and one is vacant. Each townhouse has its own water and electricity meter, and the property is connected to city water and sewer. The property has no HOA.
Key Highlights
- Seven townhouse units in a freestanding building
- Built in 2023
- Six units occupied and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,216
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,644,320
$2.6M
Cap Rate 7%
$1,888,800
$1.9M
Cap Rate 9%
$1,469,067
$1.5M
Market Conditions
NOI Build-Up for 8,597 SF
Gross rent
$251.7K $29.28/SF
− Vacancy
−$11.3K −$1.32/SF
EGI
$240.4K $27.96/SF
− OpEx
−$108.2K −$12.58/SF
NOI
$132.2K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,644,320
Cap Rate 7%
$1,888,800
Cap Rate 9%
$1,469,067
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.65M – $2.20M
NOI $132,216 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,313 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The freestanding property contains seven townhouses, with water and electricity separately metered for each unit.
Where is this apartment building located?
The property is located at 1310 NW 6th Ave Florida City, FL.
What is the asking price?
The asking price for this property is $2,449,900.
What are key features of this property?
This property features: Seven townhouse units in a freestanding building; Built in 2023; Six units occupied and one vacant
