220 NW 11th Ter Miami, FL 33136
12-unit multifamily property with redevelopment potential in Miami's Overtown.
Property Features for 220 NW 11th Ter
General Information
- Standard status
- Active
- Size
- 6,234 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing office Porosoff Group (305) 209-8866
Listing date May 15, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- T6‑8‑O zoning permits redevelopment up to 8 stories.
- Located in the Overtown neighborhood of Miami, Florida.
- 7,500 SF corner lot enhances redevelopment potential.
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 | $224.4k | $36.00 |
| − Vacancy | −$15.0k | −$2.41 |
| EGI | $209.4k | $33.59 |
| − OpEx | −$94.2k | −$15.11 |
| NOI | $115.2k | $18.47 |
