Multifamily Income
275 NE 18th Street Unit CU02-CU10, Miami, FL 33132
For Sale
$19,900,000
Apartment-style multifamily property for sale in Miami-Dade County with residential income use.
Property Size51,178 SF
Price / SF$388.84
Days on Market145
Property Features for 275 NE 18th Street Unit CU02-CU10
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Listing Agency:
Xfera Realty Group,LLC.
Listed By:
Oreste Leccese Guerrero · License FL #3392288
(305) 781-6490
Source:
Onesothebysrealty
Added: Jun 19
Changed: Oct 31
Last Checked: Nov 10 at 8:30AM
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 Xfera Realty Group,LLC.
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Investment Insights
Based on property information with market context.
This offering is a multifamily residential income property, categorized as an apartment building and other apartment building. It is presented for sale and is intended for residential income use, offering an investor or operator the opportunity to evaluate the asset as an apartment-style property.
The property is located in Miami-Dade County at 275 NE 18th St CU02-CU10, Miami, FL 33132. The listing identifies the asset at this specific address, providing a clear starting point for access, title review, and due diligence inquiries.
For buyers and brokers underwriting multifamily acquisitions, the primary takeaway is the property type and intended use as a residential income asset. Prospective purchasers should plan to review the building details during diligence, including the scope of the improvement(s) associated with the CU02-CU10 designation, as well as any available information related to current operations and rent roll. This listing is best suited for parties seeking an apartment building format within Miami-Dade County and who want to confirm all operational and financial details directly as part of the acquisition process.
The property is located in Miami-Dade County at 275 NE 18th St CU02-CU10, Miami, FL 33132. The listing identifies the asset at this specific address, providing a clear starting point for access, title review, and due diligence inquiries.
For buyers and brokers underwriting multifamily acquisitions, the primary takeaway is the property type and intended use as a residential income asset. Prospective purchasers should plan to review the building details during diligence, including the scope of the improvement(s) associated with the CU02-CU10 designation, as well as any available information related to current operations and rent roll. This listing is best suited for parties seeking an apartment building format within Miami-Dade County and who want to confirm all operational and financial details directly as part of the acquisition process.
Key Highlights
- Apartment‑style multifamily property in Miami‑Dade County, available for residential income use
- Central Air cooling and central heating
- Assigned, common, covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$945,432
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,908,640
$18.9M
Cap Rate 7%
$13,506,171
$13.5M
Cap Rate 9%
$10,504,800
$10.5M
Market Conditions
NOI Build-Up for 51,178 SF
Gross rent
$1.84M $36.00/SF
− Vacancy
−$123.4K −$2.41/SF
EGI
$1.72M $33.59/SF
− OpEx
−$773.5K −$15.11/SF
NOI
$945.4K $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%
$18,908,640
Cap Rate 7%
$13,506,171
Cap Rate 9%
$10,504,800
Alternative Uses
Best Use
Apartment 5plus
$13.51M
$11.82M – $15.76M
NOI $945,432 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$34.55M
$30.23M – $40.30M
NOI $2,418,184 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
5,551
Businesses Nearby
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Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment-style multifamily property for sale in Miami-Dade County with residential income use.
Where is this apartment building located?
The property is located at 275 NE 18th Street Unit CU02-CU10 Miami, FL.
What is the asking price?
The asking price for this property is $19,900,000.
What are key features of this property?
This property features: Apartment‑style multifamily property in Miami‑Dade County, available for residential income use; Central Air cooling and central heating; Assigned, common, covered parking
