Turnkey Multifamily Apartment
1785 SW 13th St Miami, FL 33145
1785 SW 13th St, Miami, FL, 33145
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For Sale
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Renovated 12-unit building with one-bedroom residences, wall-mounted A/C, and a roof installed in 2021.
Property Size8,899 SF
Price / SF$297.79
Days on Market115
Property Features for 1785 SW 13th St
General Information
- Standard status
- Active
- Size
- 8,899 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1926
Listing agency
LoKation
(954) 545-5583
Listed by
Steven Grossman · License #FL SL3372785
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 4:14AM Checked: Jul 22 at 12:56PM
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 LoKation
Investment Insights
Based on property information with market context.
Turnkey 12-unit apartment building on a corner lot at 1785 SW 13th St, Miami, FL 33145. The property offers spacious one-bedroom, one-bathroom residences with living rooms, dining areas, and kitchens, and double-height ceilings. Extensive renovations include updated plumbing and electrical systems, newer wall-mounted A/C units, and a new roof installed in 2021. The 40-Year Recertification was completed in 2018.
The building is described as having add-on potential and is approximately 10 minutes from Coconut Grove. Additional disclosures include that there is no seller financing.
This is a renovated, move-in-ready multifamily asset with confirmed building updates and completed recertification documentation, designed for investors seeking a turnkey presentation.
The building is described as having add-on potential and is approximately 10 minutes from Coconut Grove. Additional disclosures include that there is no seller financing.
This is a renovated, move-in-ready multifamily asset with confirmed building updates and completed recertification documentation, designed for investors seeking a turnkey presentation.
Key Highlights
- Renovated 12‑unit multifamily building with one‑bedroom, one‑bathroom residences
- Corner lot totaling 12,626 SF
- Renovations include updated plumbing and electrical systems
Local 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 | $320.4k | $36.00 |
| − Vacancy | −$21.5k | −$2.41 |
| EGI | $298.9k | $33.59 |
| − OpEx | −$134.5k | −$15.11 |
| NOI | $164.4k | $18.47 |
8,899 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.05M – $2.74M
NOI $164,395 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.01M
$5.26M – $7.01M
NOI $420,482 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated 12-unit building with one-bedroom residences, wall-mounted A/C, and a roof installed in 2021.
Where is this apartment building located?
The property is located at 1785 SW 13th St Miami, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Renovated 12‑unit multifamily building with one‑bedroom, one‑bathroom residences; Corner lot totaling 12,626 SF; Renovations include updated plumbing and electrical systems
