Multifamily Property in Little
For Sale
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1565 SW 6th St, Miami, FL 33135
Multifamily property with eight units in Little Havana.
Property Size4,712 SF
Price / SF$507.22
Days on Market771
Property Features for 1565 SW 6th St
General Information
Standard status
Active
Size
4,712 SF
Property subtype
Multifamily
Building Details
Year Built
1957
Listing Agency:
477 Group, LLC.
(305) 629-8191
Listed By:
Constanza Profeta · License #3069977
Source:
Crexi
Added: Jun 27, 2024
Changed: Jul 6
Last Checked: Aug 5 at 10:26AM
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 477 Group, LLC.
Investment Insights
Based on property information with market context.
This multifamily property is located in Little Havana and contains eight units. There are four one-bedroom, one-bathroom apartments and four studio units. The property offers potential for long-term and short-term rentals, including Airbnb. The property size is 4,712 square feet.
Key Highlights
- Multifamily property featuring 8 units, including 4 one‑bedroom, one‑bathroom and 4 studio units.
- Prime location in the heart of Little Havana.
- Excellent potential for both long‑term and short‑term (Airbnb) rentals.
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 | $169.6k | $36.00 |
| − Vacancy | −$11.4k | −$2.41 |
| EGI | $158.3k | $33.59 |
| − OpEx | −$71.2k | −$15.11 |
| NOI | $87.0k | $18.47 |
4,712 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,047 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,644 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,745
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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 - Multifamily property with eight units in Little Havana.
Where is this apartment building located?
The property is located at 1565 SW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Multifamily property featuring 8 units, including 4 one‑bedroom, one‑bathroom and 4 studio units.; Prime location in the heart of Little Havana.; Excellent potential for both long‑term and short‑term (Airbnb) rentals.
