Four-Unit Multifamily with Separate
519 NW 10th Avenue Miami, FL 33136
519 NW 10th Avenue, Miami, FL, 33136
$1,275,000
For Sale
$1,275,000
Four rented units feature separate electric meters, new AC units and roof, plus remodeled kitchens and bathrooms.
Property Size3,890 SF
Price / SF$327.76
Days on Market43
Property Features for 519 NW 10th Avenue
General Information
- Standard status
- Active
- Size
- 3,890 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agency
COLDWELL BANKER REALTY
(305) 490-3730
Listed by
SHARDA S KUNATH · License #A12011614
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 12:47PM Checked: Jul 21 at 12:47PM
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
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes separate electric meters for each unit. The building has been updated with new AC units and a new roof, and the kitchens and bathrooms have been remodeled. Units also offer wrap-around balconies, and the property includes 4+ parking spaces.
Water is included in the rent. The property is described as being close to Downtown and Marlin Stadium, with all units currently rented.
The configuration supports income-producing residential occupancy, with each unit independently metered for electric service and a shared approach to water billing included in the rent terms.
Water is included in the rent. The property is described as being close to Downtown and Marlin Stadium, with all units currently rented.
The configuration supports income-producing residential occupancy, with each unit independently metered for electric service and a shared approach to water billing included in the rent terms.
Key Highlights
- 4 rented units with separate electric meters
- New AC units and roof
- Remodeled kitchens and bathrooms
Local Financial Insights For Multifamily LT 5
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 | $119.0k | $30.60 |
| − Vacancy | −$7.6k | −$1.95 |
| EGI | $111.5k | $28.65 |
| − OpEx | −$33.4k | −$8.60 |
| NOI | $78.0k | $20.06 |
3,890 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$975.2K – $1.30M
NOI $78,016 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$1.03M
$898.3K – $1.20M
NOI $71,862 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.06M
NOI $183,804 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four rented units feature separate electric meters, new AC units and roof, plus remodeled kitchens and bathrooms.
Where is this quadplex located?
The property is located at 519 NW 10th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 4 rented units with separate electric meters; New AC units and roof; Remodeled kitchens and bathrooms
