Six-Unit Apartment
For Sale
$1,700,000
6373 SW 8th St, Miami, FL 33144
Six units are currently rented month-to-month at the property on SW 8th Street in Miami, FL.
Property Size5,368 SF
Price / SF$316.69
Days on Market265
Property Features for 6373 SW 8th St
General Information
Standard status
Active
Size
5,368 SF
Property subtype
Income/MultiFamily
Site & Location
Neighborhood
Flagami
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$20,286
Building Details
Building Size
5,368 SF
Year Built
1970
Tenancy
Multi
Listing Agency:
Hugo Bosch & Associates
Listed By:
Hugo Bosch · License #0600654
(305) 358-9234
Source:
Allyandaj
Added: Feb 2
Changed: Oct 19
Last Checked: Oct 25 at 12:16AM
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 Hugo Bosch & Associates
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Investment Insights
Based on property information with market context.
This multifamily apartment building contains six units, all currently rented on a month-to-month basis at $2,000 each. The property is described as having passed a 40-year inspection, with no violations and no liens reported in the provided remarks.
The building is located at 6373 SW 8th St in Miami, Florida, positioned at the intersection of SW 8th Street and 63rd Ave, based on the information included.
For appointments and additional details, the listing remarks direct interested parties to text the listing agent.
The building is located at 6373 SW 8th St in Miami, Florida, positioned at the intersection of SW 8th Street and 63rd Ave, based on the information included.
For appointments and additional details, the listing remarks direct interested parties to text the listing agent.
Key Highlights
- Six units currently rented month‑to‑month at $2,000 per unit
- 3 guest facilities included
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,165
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,300
$2.0M
Cap Rate 7%
$1,416,643
$1.4M
Cap Rate 9%
$1,101,833
$1.1M
Market Conditions
NOI Build-Up for 5,368 SF
Gross rent
$193.2K $36.00/SF
− Vacancy
−$12.9K −$2.41/SF
EGI
$180.3K $33.59/SF
− OpEx
−$81.1K −$15.11/SF
NOI
$99.2K $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%
$1,983,300
Cap Rate 7%
$1,416,643
Cap Rate 9%
$1,101,833
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,165 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,640 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,147
Businesses Nearby
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Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six units are currently rented month-to-month at the property on SW 8th Street in Miami, FL.
Where is this apartment building located?
The property is located at 6373 SW 8th St Miami, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Six units currently rented month‑to‑month at $2,000 per unit; 3 guest facilities included; Built in 1970
