1860 Northwest 24th Avenue Miami, FL 33125
Recently constructed multifamily asset in Miami with six residential units.
Property Features for 1860 Northwest 24th Avenue
General Information
- Standard status
- Active
- Size
- 11,077 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing office Franklin Street Tampa
Listing date May 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street Tampa
Investment Insights
Based on property information with market context.
Key Highlights
- Recently constructed in 2022, minimizing near‑term capital expenditure.
- Six spacious 3‑bedroom, 2‑bathroom units, averaging 1,000 square feet, catering to families and shared living.
- Separately metered utilities (water and electricity) for efficient operations and maximized net operating income.
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 | $398.8k | $36.00 |
| − Vacancy | −$26.7k | −$2.41 |
| EGI | $372.1k | $33.59 |
| − OpEx | −$167.4k | −$15.11 |
| NOI | $204.6k | $18.47 |
