Six-Unit Apartment
6373 SW 8th St Miami, FL 33144
6373 SW 8th St, Miami, FL, 33144
$1,800,000
For Sale
$1,800,000
Six units are currently rented month-to-month at the property on SW 8th Street in Miami, FL.
Property Size5,368 SF
Price / SF$335.32
Days on Market204
Property Features for 6373 SW 8th St
General Information
- Standard status
- Active
- Size
- 5,368 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1970
Listing agency
Hugo Bosch & Associates
(305) 216-1974
Listed by
Hugo Bosch
(305) 216-1974
Source
Xome
Added: Dec 31, 2025 Updated: Jul 22 at 3:00AM Checked: Jul 23 at 4:12AM
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
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
Local 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 | $193.2k | $36.00 |
| − Vacancy | −$12.9k | −$2.41 |
| EGI | $180.3k | $33.59 |
| − OpEx | −$81.1k | −$15.11 |
| NOI | $99.2k | $18.47 |
5,368 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.65M
NOI $99,165 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.23M
NOI $253,640 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 $1,800,000.
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
