Residential Care Property with Accessibility
New
For Sale
$1,499,000
2331 SW 7th Street, Miami, FL 33135
The furnished property is currently configured and operating as an APD residential habilitation group home.
Property Size2,760 SF
Price / SF$556.22
Days on Market4
Property Features for 2331 SW 7th Street
General Information
Standard status
Active
Size
2,760 SF
Total Parking Spaces
6
Property subtype
Business Opportunity
Zoning
0100
Taxes and HOA fees
Annual Taxes
$11,313
Amenities
Florida room
updated kitchen
equipped laundry
secure medication cabinet
impact windows and doors
Porcelanosa flooring
complete security system
wheelchair ramps
covered patio
gated entrance
fully fenced yard
irrigation well
Building Details
Building Size
2,760 SF
Year Built
1940
Year Renovated
2020
Stories
1
Listing Agency:
Sunshine Miami Realty
Listed By:
Jose M Martin · License #3177826
(305) 300-3424
Source:
Laerrealty
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 4:38PM
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 Sunshine Miami Realty
Investment Insights
Based on property information with market context.
Configured for residential care, this single-story, 2,695-square-foot property has five bedrooms, 3.5 bathrooms, multiple shared living areas, a den or office, and a Florida room. The kitchen was updated, and the laundry area is equipped. Other features include impact-resistant windows and doors, a security system, a secured medication cabinet, and ramps for wheelchair and walker access. The property was remodeled in 2020 and is fully furnished.
Outside, the site includes a covered patio, gated entry, fenced yard, irrigation well, and five to six parking spaces. The property is currently operating as an APD residential habilitation group home. The business, corporation, and licenses are not included in the sale. Any continued operation or change in use is subject to buyer verification of licensing, approvals, and permitted uses. The property passed APD licensing, Fire, and AHCA inspections in May 2026.
Outside, the site includes a covered patio, gated entry, fenced yard, irrigation well, and five to six parking spaces. The property is currently operating as an APD residential habilitation group home. The business, corporation, and licenses are not included in the sale. Any continued operation or change in use is subject to buyer verification of licensing, approvals, and permitted uses. The property passed APD licensing, Fire, and AHCA inspections in May 2026.
Key Highlights
- 2,695 square feet with five bedrooms and 3.5 bathrooms
- Remodeled in 2020; fully furnished and operating as an APD residential habilitation group home
- Accessibility features include wheelchair and walker ramps, impact windows and doors, and a security system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,786
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,720
$995.7K
Cap Rate 7%
$711,229
$711.2K
Cap Rate 9%
$553,178
$553.2K
Market Conditions
NOI Build-Up for 2,695 SF
Gross rent
$97.0K $36.00/SF
− Vacancy
−$6.5K −$2.41/SF
EGI
$90.5K $33.59/SF
− OpEx
−$40.7K −$15.11/SF
NOI
$49.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,720
Cap Rate 7%
$711,229
Cap Rate 9%
$553,178
Alternative Uses
Best Use
Apartment 5plus
$711.2K
$622.3K – $829.8K
NOI $49,786 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,340 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - The furnished property is currently configured and operating as an APD residential habilitation group home.
Where is this assisted living facility located?
The property is located at 2331 SW 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 2,695 square feet with five bedrooms and 3.5 bathrooms; Remodeled in 2020; fully furnished and operating as an APD residential habilitation group home; Accessibility features include wheelchair and walker ramps, impact windows and doors, and a security system
