14-Unit Townhome
401 SW 109th Ave #See Unit Details, Sweetwater, FL 33174
For Sale
$6,090,000
Two-story residences feature updated roofs, windows, doors, and fencing, with convenient access to SW 8th Street and the Florida Turnpike.
Property Size15,680 SF
Price / SF$388.39
Days on Market16
Property Features for 401 SW 109th Ave #See Unit Details
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty
(305) 253-2800
Listed By:
Austin Torres · License #3409669
(305) 807-1402
Source:
Futureoptionrealty
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14-unit multifamily portfolio consists of two-story townhomes built in 1984. Each residence offers 2 bedrooms, 1.5 bathrooms, and approximately 1,120 square feet, with living space on the ground floor and bedrooms upstairs. Recent property improvements include roofs, windows, doors, and fencing.
The property is in Sweetwater, near FIU, SW 8th Street, and the Florida Turnpike. Shopping, dining, and public transportation are also accessible from the location.
The property is in Sweetwater, near FIU, SW 8th Street, and the Florida Turnpike. Shopping, dining, and public transportation are also accessible from the location.
Key Highlights
- 14‑unit townhome portfolio in Sweetwater
- Each residence has 2 bedrooms, 1.5 baths, and approximately 1,120 square feet
- Two‑story layouts place living areas downstairs and bedrooms upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,148
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,822,960
$4.8M
Cap Rate 7%
$3,444,971
$3.4M
Cap Rate 9%
$2,679,422
$2.7M
Market Conditions
NOI Build-Up for 15,680 SF
Gross rent
$459.1K $29.28/SF
− Vacancy
−$20.7K −$1.32/SF
EGI
$438.5K $27.96/SF
− OpEx
−$197.3K −$12.58/SF
NOI
$241.1K $15.38/SF
Area
Miami-Dade County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,822,960
Cap Rate 7%
$3,444,971
Cap Rate 9%
$2,679,422
Alternative Uses
Best Use
Apartment 5plus
$3.44M
$3.01M – $4.02M
NOI $241,148 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.96M
$6.96M – $9.28M
NOI $556,859 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
14
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Miami-Dade County, FL
Properties on Market for Multifamily properties in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story residences feature updated roofs, windows, doors, and fencing, with convenient access to SW 8th Street and the Florida Turnpike.
Where is this multifamily property located?
The property is located at 401 SW 109th Ave #See Unit Details Sweetwater, FL.
What is the asking price?
The asking price for this property is $6,090,000.
What are key features of this property?
This property features: 14‑unit townhome portfolio in Sweetwater; Each residence has 2 bedrooms, 1.5 baths, and approximately 1,120 square feet; Two‑story layouts place living areas downstairs and bedrooms upstairs
