Renovated 6-Unit Multifamily
For Sale
$2,399,900
1684 SW 10th St, Miami, FL 33135
Two-building, fully renovated 6-unit property currently operated as a short-term rental with separate electric meters.
Property Size5,546 SF
Price / SF$432.73
Days on Market78
Property Features for 1684 SW 10th St
General Information
Standard status
Active
Size
5,546 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1926
Tenancy
Multi
Listing Agency:
LPT Realty LLC
(407) 968-3856
Listed By:
Monica Malpica · License #3282829
(407) 968-3856
Source:
Xome
Added: May 21
Changed: Jul 10
Last Checked: Aug 5 at 2:45PM
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 LPT Realty LLC
Investment Insights
Based on property information with market context.
This is a legal 6-unit multifamily property comprised of two buildings: one fourplex and one duplex. The units mix 2-bedroom/1-bath layouts and one 3-bedroom/2-bath unit, and the property is described as fully renovated. The 40-year recertification is noted as completed, and each unit has separate electric meters. Additional amenities include on-site laundry facilities, six parking spaces, and four storage areas that are identified as potential for added income.
The property is located in the Little Havana area of Miami, at 1684 SW 10th St. The public remarks state it is about two blocks from restaurants and bars along Calle 8 and that the area draws tourists throughout the year.
For buyers and operators, the combination of a legal 6-unit configuration, completed 40-year recertification, and turnkey-renovated units supports flexible use as a multifamily rental or continuation of short-term rental operations, as currently arranged. The listing further states the property is producing approximately $20,000 in monthly net income and reflects an approximate 8% ROI based on current operation.
The property is located in the Little Havana area of Miami, at 1684 SW 10th St. The public remarks state it is about two blocks from restaurants and bars along Calle 8 and that the area draws tourists throughout the year.
For buyers and operators, the combination of a legal 6-unit configuration, completed 40-year recertification, and turnkey-renovated units supports flexible use as a multifamily rental or continuation of short-term rental operations, as currently arranged. The listing further states the property is producing approximately $20,000 in monthly net income and reflects an approximate 8% ROI based on current operation.
Key Highlights
- Legal 6‑unit multifamily in 2 buildings: one fourplex and one duplex, fully renovated.
- Unit mix: five 2/1 units and one 3/2 unit.
- 40‑year recertification completed.
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 | $199.7k | $36.00 |
| − Vacancy | −$13.4k | −$2.41 |
| EGI | $186.3k | $33.59 |
| − OpEx | −$83.8k | −$15.11 |
| NOI | $102.5k | $18.47 |
5,546 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,453 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.28M – $4.37M
NOI $262,051 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,213
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 - Two-building, fully renovated 6-unit property currently operated as a short-term rental with separate electric meters.
Where is this apartment building located?
The property is located at 1684 SW 10th St Miami, FL.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: Legal 6‑unit multifamily in 2 buildings: one fourplex and one duplex, fully renovated.; Unit mix: five 2/1 units and one 3/2 unit.; 40‑year recertification completed.
