20-Unit Apartment Duplex
For Sale
$3,990,000
Pending
527 SW 5th St, Miami, FL 33130
Two 10-unit apartment buildings with central A/C, gated access control, and in-unit washers and dryers.
Property Size11,849 SF
Days on Market2251
Property Features for 527 SW 5th St
General Information
Standard status
Pending
Size
11,849 SF
Total Parking Spaces
20
Property subtype
General Commercial
Occupancy
100%
Units
Unit Mix
20 x 1BR/1.5BA
Multifamily Units
20
Amenities
in-suite washers and dryers
central A/C's
large balconies
gated access control
3
20 Parking Spaces.
Building Details
Year Built
2009
Buildings
2
Listing Agency:
Midtown Realty Group, LLC
(305) 297-7534
Listed By:
Alexander Saieh · License #3239924
(305) 297-7534
Source:
Xome
Added: Jun 8, 2020
Changed: Jul 30
Last Checked: Jul 30 at 6:14PM
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 Midtown Realty Group, LLC
Investment Insights
Based on property information with market context.
This 20-unit Little Havana duplex portfolio includes two 10-unit multifamily buildings at 418 SW 10 St and 527 SW 5 St. The offering is comprised of folios 01-0207-080-1030 and 01-0203-000-1180, and features a unit mix of (20) 1-bedroom, 1.5-bathroom units totaling approximately 23,166 SF. The buildings were built in 2009 and are described as 100% occupied.
Residences feature a unique duplex layout with in-suite washers and dryers, central A/C, and large balconies. The portfolio also includes gated access control and 20 covered parking spaces. There is no pool on site.
Additional interior detail includes guest facilities listed as 3.
Residences feature a unique duplex layout with in-suite washers and dryers, central A/C, and large balconies. The portfolio also includes gated access control and 20 covered parking spaces. There is no pool on site.
Additional interior detail includes guest facilities listed as 3.
Key Highlights
- 20‑unit duplex portfolio with two 10‑unit apartment buildings at 418 SW 10 St and 527 SW 5 St
- (20) 1‑bedroom, 1.5‑bath units totaling approximately 23,166 SF
- Year built 2009 and described as 100% occupied
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 | $426.6k | $36.00 |
| − Vacancy | −$28.6k | −$2.41 |
| EGI | $398.0k | $33.59 |
| − OpEx | −$179.1k | −$15.11 |
| NOI | $218.9k | $18.47 |
11,849 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.13M
$2.74M – $3.65M
NOI $218,891 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.00M
$7.00M – $9.33M
NOI $559,871 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two 10-unit apartment buildings with central A/C, gated access control, and in-unit washers and dryers.
Where is this apartment building located?
The property is located at 527 SW 5th St Miami, FL.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: 20‑unit duplex portfolio with two 10‑unit apartment buildings at 418 SW 10 St and 527 SW 5 St; (20) 1‑bedroom, 1.5‑bath units totaling approximately 23,166 SF; Year built 2009 and described as 100% occupied
