Renovated 10-Unit Multifamily
1630 Southwest 10th Street Miami, FL 33135
For Sale
$2,500,000
Turnkey 10-unit multifamily with fully renovated 1- and 2-bedroom units and a brand-new roof.
Property Size6,207 SF
Price / SF$402.77
Days on Market184
Property Features for 1630 Southwest 10th Street
General Information
- Standard status
- Active
- Size
- 6,207 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1922
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Keith Terrel · License #3379396
(305) 392-1497
Source:
Compass
Added: Jan 20
Changed: Jul 23
Last Checked: Jul 23 at 1:47AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This fully renovated 10-unit multifamily property is designed for turnkey ownership. The building includes six 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units. All units have been completely renovated with updated kitchens and bathrooms, and the property has a brand-new roof.
The asset is located in Miami near major highways, with access to Downtown Miami and Brickell, as well as Coral Gables and public transportation.
Current income is listed at $11,850 per month, with upside described up to $16,050 per month when fully occupied.
The asset is located in Miami near major highways, with access to Downtown Miami and Brickell, as well as Coral Gables and public transportation.
Current income is listed at $11,850 per month, with upside described up to $16,050 per month when fully occupied.
Key Highlights
- Fully renovated 10‑unit multifamily built in 1922
- Unit mix includes 6 two‑bedroom/one‑bath units and 4 one‑bedroom/one‑bath units
- Current monthly income of $11,850/month, with potential up to $16,050/month when fully occupied
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 | $223.5k | $36.00 |
| − Vacancy | −$15.0k | −$2.41 |
| EGI | $208.5k | $33.59 |
| − OpEx | −$93.8k | −$15.11 |
| NOI | $114.7k | $18.47 |
6,207 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,664 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,284 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 10-unit multifamily with fully renovated 1- and 2-bedroom units and a brand-new roof.
Where is this apartment building located?
The property is located at 1630 Southwest 10th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully renovated 10‑unit multifamily built in 1922; Unit mix includes 6 two‑bedroom/one‑bath units and 4 one‑bedroom/one‑bath units; Current monthly income of $11,850/month, with potential up to $16,050/month when fully occupied
