Residential Income Property For
200 177th Drive 412 Sunny Isles Beach, FL 33160
For Sale
$228,000
Pending
Residential income property featuring 620 square feet of space.
Property Size620 SF
Days on Market585
Property Features for 200 177th Drive 412
General Information
- Standard status
- Pending
- Size
- 620 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing Agency:
Felidan Group, LLC
(786) 251-1130
Listed By:
Jenny Feliciano · License #3158033
(786) 251-1130
Source:
Exitrealty
Added: Dec 17, 2024
Changed: Jul 10
Last Checked: Jul 25 at 4:01AM
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 Felidan Group, LLC
Investment Insights
Based on property information with market context.
This residential income property offers 620 square feet of space.
Key Highlights
- Residential income property
- Features 620 square feet of space
- Built in 1973
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 | $18.2k | $29.28 |
| − Vacancy | −$817 | −$1.32 |
| EGI | $17.3k | $27.96 |
| − OpEx | −$7.8k | −$12.58 |
| NOI | $9.5k | $15.38 |
620 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$136.2K
$119.2K – $158.9K
NOI $9,535 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.6K
$275.2K – $367.0K
NOI $22,019 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Residential income property featuring 620 square feet of space.
Where is this residential income property located?
The property is located at 200 177th Drive 412 Sunny Isles Beach, FL.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Residential income property; Features 620 square feet of space; Built in 1973
