Five-Unit Multifamily
2100 NW 24th St Miami, FL 33142
2100 NW 24th St, Miami, FL, 33142
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For Sale
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Five fully occupied 1-bedroom, 1-bath units with recently completed 40-year recertification.
Property Size2,508 SF
Price / SF$356.86
Days on Market91
Property Features for 2100 NW 24th St
General Information
- Standard status
- Active
- Size
- 2,508 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
Real Estate Sales Force
(786) 457-3211
Listed by
Antonio Cristobal · License #3253230
Source
Crexi
Added: Apr 24 Updated: Jul 22 at 7:18PM Checked: Jul 22 at 7:18PM
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Investment Insights
Based on property information with market context.
This is a five-unit multifamily property with all units currently occupied. The building’s rental mix consists entirely of 1-bedroom, 1-bath apartments. The property recently completed its 40-year recertification, which may reduce immediate capital expenditures for a new owner.
The asset is centrally located with easy access to major highways, public transportation, and employment centers. It is also available as part of a 10-unit portfolio that includes 2100 & 2110 NW 24 ST, with the option to purchase individually or together.
For buyers seeking an income-producing apartment building, the current configuration and recertification status provide a clear starting point for ongoing operations.
The asset is centrally located with easy access to major highways, public transportation, and employment centers. It is also available as part of a 10-unit portfolio that includes 2100 & 2110 NW 24 ST, with the option to purchase individually or together.
For buyers seeking an income-producing apartment building, the current configuration and recertification status provide a clear starting point for ongoing operations.
Key Highlights
- 1956‑built 5‑unit multifamily property with five 1‑bedroom, 1‑bath units
- 100% occupied with fully rented units
- Recently completed 40‑year recertification, potentially reducing near‑term capital expenditures
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 | $90.3k | $36.00 |
| − Vacancy | −$6.0k | −$2.41 |
| EGI | $84.2k | $33.59 |
| − OpEx | −$37.9k | −$15.11 |
| NOI | $46.3k | $18.47 |
2,508 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$661.9K
$579.1K – $772.2K
NOI $46,331 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,504 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Moo design
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five fully occupied 1-bedroom, 1-bath units with recently completed 40-year recertification.
Where is this apartment building located?
The property is located at 2100 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 1956‑built 5‑unit multifamily property with five 1‑bedroom, 1‑bath units; 100% occupied with fully rented units; Recently completed 40‑year recertification, potentially reducing near‑term capital expenditures
