Renovated
6700 NW 6th Ave, Miami, FL 33150
For Sale
$850,000
Three updated residential units with modern kitchens, refreshed bathrooms, and new flooring throughout.
Property Size1,846 SF
Days on Market100
Property Features for 6700 NW 6th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Vicente Rodriguez · License FL #3289280
(305) 510-6627
Source:
Marcelosteinmander
Added: Aug 3
Changed: Oct 31
Last Checked: Nov 8 at 12:50PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This three-unit residential property was built in 1946 and has undergone extensive renovation. Improvements include updated kitchens, refreshed bathrooms, new flooring, contemporary finishes, and work completed on both the interior and exterior. The property is income-producing and configured for multifamily ownership or occupancy in one unit while leasing the others.
The property is positioned near major highways, shopping, dining, schools, and public transportation. Its renovation scope and three-unit layout provide a clear multifamily format with updated interiors and reduced near-term maintenance needs.
The property is positioned near major highways, shopping, dining, schools, and public transportation. Its renovation scope and three-unit layout provide a clear multifamily format with updated interiors and reduced near-term maintenance needs.
Key Highlights
- Three‑unit multifamily property with extensive interior and exterior renovations
- Updated kitchens, refreshed bathrooms, new flooring, and contemporary finishes in each unit
- Built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,023
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,460
$740.5K
Cap Rate 7%
$528,900
$528.9K
Cap Rate 9%
$411,367
$411.4K
Market Conditions
NOI Build-Up for 1,846 SF
Gross rent
$56.5K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.9K $28.65/SF
− OpEx
−$15.9K −$8.60/SF
NOI
$37.0K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,460
Cap Rate 7%
$528,900
Cap Rate 9%
$411,367
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.1K
NOI $37,023 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$487.2K
$426.3K – $568.4K
NOI $34,102 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,224 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Miami, FL
Properties on Market for Triplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated residential units with modern kitchens, refreshed bathrooms, and new flooring throughout.
Where is this triplex located?
The property is located at 6700 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit multifamily property with extensive interior and exterior renovations; Updated kitchens, refreshed bathrooms, new flooring, and contemporary finishes in each unit; Built in 1946
