6-Unit Apartment
For Sale
$1,250,000
2561 SW 11th Street, Miami, FL 33135
Multifamily property offering a mix of one-bedroom and three-bedroom apartments.
Property Size3,693 SF
Days on Market61
Property Features for 2561 SW 11th Street
General Information
Standard status
Active
Size
3,693 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
needs minimal rehab
Units
Unit Mix
4 x 1/1, 1 x 3/2, 1 x 3/1
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$12,500
Building Details
Building Size
3,693 SF
Year Built
1938
Listing Agency:
Julies Realty, LLC
Listed By:
DeLonte Xavier Copeland · License #3385364
(305) 440-7303
Source:
Silverleafrealtygroup
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 11 at 2:08PM
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 Julies Realty, LLC
Investment Insights
Based on property information with market context.
This six-unit apartment building contains four one-bedroom, one-bath apartments, along with one three-bedroom, two-bath unit and one three-bedroom, one-bath unit. The property was built in 1938 and is configured as a small multifamily asset with varied apartment layouts.
The unit mix provides both compact and larger floor plans within the same property. The building is located at 2561 SW 11th Street in Miami, Florida.
The unit mix provides both compact and larger floor plans within the same property. The building is located at 2561 SW 11th Street in Miami, Florida.
Key Highlights
- Six total apartment units
- Four 1‑bedroom, 1‑bath apartments
- One 3‑bedroom, 2‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,222
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,440
$1.4M
Cap Rate 7%
$974,600
$974.6K
Cap Rate 9%
$758,022
$758.0K
Market Conditions
NOI Build-Up for 3,693 SF
Gross rent
$132.9K $36.00/SF
− Vacancy
−$8.9K −$2.41/SF
EGI
$124.0K $33.59/SF
− OpEx
−$55.8K −$15.11/SF
NOI
$68.2K $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%
$1,364,440
Cap Rate 7%
$974,600
Cap Rate 9%
$758,022
Alternative Uses
Best Use
Apartment 5plus
$974.6K
$852.8K – $1.14M
NOI $68,222 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,496 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property offering a mix of one-bedroom and three-bedroom apartments.
Where is this apartment building located?
The property is located at 2561 SW 11th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six total apartment units; Four 1‑bedroom, 1‑bath apartments; One 3‑bedroom, 2‑bath apartment
