12-Unit Multifamily
For Sale
$2,200,000
6901 NW 8th Avenue, Miami, FL 33150
Well-maintained 12-unit multifamily property with all units separately metered for electric and resident parking on site.
Property Size6,060 SF
Days on Market98
Property Features for 6901 NW 8th Avenue
General Information
Standard status
Active
Size
6,060 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$26,322
Building Details
Building Size
6,060 SF
Year Built
1957
Listing Agency:
Green Lands Realty
Listed By:
Silvia Garaza · License #3307649
(786) 267-7248
Source:
Silverleafrealtygroup
Added: Jul 16
Changed: Oct 20
Last Checked: Oct 21 at 3:14AM
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 Green Lands Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit multifamily property includes twelve 1-bedroom, 1-bathroom apartments. The building’s units are supported by separate electric meters, providing separate utility billing for each unit. On-site parking is available for residents.
The property is located in central Miami and is described as convenient to major roads and public transportation, along with shopping, dining, and employment centers.
For further details, including income information and showing instructions, contact the listing agent.
The property is located in central Miami and is described as convenient to major roads and public transportation, along with shopping, dining, and employment centers.
For further details, including income information and showing instructions, contact the listing agent.
Key Highlights
- 12‑unit multifamily property built in 1957
- All units are 1‑bedroom, 1‑bathroom apartments
- Each unit has a separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,949
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,238,980
$2.2M
Cap Rate 7%
$1,599,271
$1.6M
Cap Rate 9%
$1,243,878
$1.2M
Market Conditions
NOI Build-Up for 6,060 SF
Gross rent
$218.2K $36.00/SF
− Vacancy
−$14.6K −$2.41/SF
EGI
$203.5K $33.59/SF
− OpEx
−$91.6K −$15.11/SF
NOI
$111.9K $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%
$2,238,980
Cap Rate 7%
$1,599,271
Cap Rate 9%
$1,243,878
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $111,949 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.09M
$3.58M – $4.77M
NOI $286,338 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,332
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 12-unit multifamily property with all units separately metered for electric and resident parking on site.
Where is this apartment building located?
The property is located at 6901 NW 8th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1957; All units are 1‑bedroom, 1‑bathroom apartments; Each unit has a separate electric meter
