Renovated Residential Income
4028 SW 11th St Miami, FL 33134
For Sale
Contact for pricing
Renovated income-producing multifamily property with a passed 40-year certification expiring in 2036.
Property Size3,836 SF
Price / SF$494
Days on Market138
Property Features for 4028 SW 11th St
General Information
- Standard status
- Active
- Size
- 3,836 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency:
Landan Realty LLC
(305) 338-6436
Listed By:
Danay Puebla Llanos · License #3315105
Source:
Crexi
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 23 at 4:15AM
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 Landan Realty LLC
Investment Insights
Based on property information with market context.
This renovated residential income property offers improved interiors designed to enhance tenant appeal. The 40-year certification has recently passed and is set to expire in 2036, providing additional reassurance for investors. The property is currently described as generating $15,500 per month in passive income, supporting an income-focused purchase.
Located at 4028 SW 11th St in Miami, FL 33134, the property is positioned for convenience to major highways as well as nearby shopping, dining, and employment centers.
Please review the brokers remarks for important information prior to requesting a showing, and contact the listing agent with any questions.
Located at 4028 SW 11th St in Miami, FL 33134, the property is positioned for convenience to major highways as well as nearby shopping, dining, and employment centers.
Please review the brokers remarks for important information prior to requesting a showing, and contact the listing agent with any questions.
Key Highlights
- Renovated income‑producing multifamily property built in 1925
- Passed 40‑year certification; expires in 2036
- Reported passive income of $15,500 per month
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 | $138.1k | $36.00 |
| − Vacancy | −$9.3k | −$2.41 |
| EGI | $128.8k | $33.59 |
| − OpEx | −$58.0k | −$15.11 |
| NOI | $70.9k | $18.47 |
3,836 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.8K – $1.18M
NOI $70,864 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,253 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Renovated income-producing multifamily property with a passed 40-year certification expiring in 2036.
Where is this multifamily property located?
The property is located at 4028 SW 11th St Miami, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Renovated income‑producing multifamily property built in 1925; Passed 40‑year certification; expires in 2036; Reported passive income of $15,500 per month
