Renovated 10-Unit Apartment
For Sale
$2,500,000
1630 SW 10th St, Miami, FL 33135
Fully occupied multifamily property with refreshed kitchens, bathrooms, and roof.
Property Size6,207 SF
Price / SF$402.77
Days on Market251
Property Features for 1630 SW 10th St
General Information
Standard status
Active
Size
6,207 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
10
Additional Details
Gross Income
$228,246
Taxes and HOA fees
Annual Taxes
$33,334
Building Details
Building Size
6,207 SF
Year Built
1922
Listing Agency:
Real Estate Sales Force
Listed By:
Keith Terrel · License #3379396
(786) 469-1718
Source:
Allyandaj
Added: Feb 4
Changed: Sep 27
Last Checked: Oct 12 at 11:34PM
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 6,207-square-foot apartment property contains 10 residential units, including six two-bedroom, one-bath apartments and four one-bedroom, one-bath apartments. The units have been renovated with updated kitchens, modern bathroom finishes, and contemporary interior improvements. A new roof has also been installed, while the property retains its original 1922 construction date.
The building is fully occupied and positioned near major highways, public transportation, Downtown Miami, Brickell, and Coral Gables. Its unit mix combines larger two-bedroom apartments with one-bedroom units within a single multifamily asset.
The building is fully occupied and positioned near major highways, public transportation, Downtown Miami, Brickell, and Coral Gables. Its unit mix combines larger two-bedroom apartments with one-bedroom units within a single multifamily asset.
Key Highlights
- 10‑unit apartment property with six 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units
- 6,207 square feet of multifamily improvements
- Fully occupied residential property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,664
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,280
$2.3M
Cap Rate 7%
$1,638,057
$1.6M
Cap Rate 9%
$1,274,044
$1.3M
Market Conditions
NOI Build-Up for 6,207 SF
Gross rent
$223.5K $36.00/SF
− Vacancy
−$15.0K −$2.41/SF
EGI
$208.5K $33.59/SF
− OpEx
−$93.8K −$15.11/SF
NOI
$114.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,280
Cap Rate 7%
$1,638,057
Cap Rate 9%
$1,274,044
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,356
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with refreshed kitchens, bathrooms, and roof.
Where is this apartment building located?
The property is located at 1630 SW 10th St 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: 10‑unit apartment property with six 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units; 6,207 square feet of multifamily improvements; Fully occupied residential property
