Five-Unit Multifamily Investment
2504 NW 14th St Miami, FL 33125
New
2504 NW 14th St, Miami, FL, 33125
$2,800,000
For Sale
$2,800,000
Well-maintained five-unit multifamily property offered as turnkey near major highways and key employment, shopping, and dining.
Property Size5,432 SF
Price / SF$515.46
Days on Market3
Property Features for 2504 NW 14th St
General Information
- Standard status
- Active
- Size
- 5,432 SF
Building Details
- Year Built
- 1987
Listing agency
Beachfront Realty Inc
(305) 469-3117
Listed by
Javier Gaitan · License #3209436
Source
Mymiahomes
Added: Jul 20 Updated: Jul 21 at 7:00AM Checked: Jul 22 at 4:51AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This well-maintained five-unit multifamily property is presented in excellent condition and marketed as turnkey. The asset is configured as a five-unit residential income building, suitable for buyers seeking a ready-to-operate investment.
The property is located at 2504 NW 14th St, Miami, FL 33125, just minutes from Miami International Airport. It is also described as being near Miami Freedom Park and Soccer Village (Marlins Stadium), with convenient access to major highways, along with shopping, dining, and employment centers.
Per the listing, the property is positioned to benefit from strong local rental demand and long-term investment potential in a rapidly growing area.
The property is located at 2504 NW 14th St, Miami, FL 33125, just minutes from Miami International Airport. It is also described as being near Miami Freedom Park and Soccer Village (Marlins Stadium), with convenient access to major highways, along with shopping, dining, and employment centers.
Per the listing, the property is positioned to benefit from strong local rental demand and long-term investment potential in a rapidly growing area.
Key Highlights
- Well‑maintained five‑unit multifamily property built in 1987
- Offered as a turnkey property
- Located minutes from Miami International Airport
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 | $195.6k | $36.00 |
| − Vacancy | −$13.1k | −$2.41 |
| EGI | $182.5k | $33.59 |
| − OpEx | −$82.1k | −$15.11 |
| NOI | $100.3k | $18.47 |
5,432 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,348 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.67M
$3.21M – $4.28M
NOI $256,664 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained five-unit multifamily property offered as turnkey near major highways and key employment, shopping, and dining.
Where is this apartment building located?
The property is located at 2504 NW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Well‑maintained five‑unit multifamily property built in 1987; Offered as a turnkey property; Located minutes from Miami International Airport
