Co-op Rental in Little
For Sale
$148,000
71 NW 76th St 16, Miami, FL 33150
Co-op unit with potential for high rental return.
Property Size568 SF
Days on Market316
Property Features for 71 NW 76th St 16
General Information
Standard status
Active
Size
568 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,697
Building Details
Building Size
568 SF
Year Built
1961
Stories
2
Listing Agency:
United Realty Group Inc
Listed By:
Justino Ferret · License #3353716
(786) 663-2511
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 29
Last Checked: Oct 7 at 1:19PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This co-op unit is located in the Little River Industrial District. The building is fenced and secured. Laundry facilities are available on-site. Water is included. The unit is currently rented and offers a potential rental return of up to 10%. The location provides proximity to Midtown, Wynwood, and Miami Beach.
Key Highlights
- High rental return potential (up to 10%)
- Located in the developing Little River Industrial District
- Convenient access to Midtown, Wynwood, and Miami Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,493
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,860
$209.9K
Cap Rate 7%
$149,900
$149.9K
Cap Rate 9%
$116,589
$116.6K
Market Conditions
NOI Build-Up for 568 SF
Gross rent
$20.4K $36.00/SF
− Vacancy
−$1.4K −$2.41/SF
EGI
$19.1K $33.59/SF
− OpEx
−$8.6K −$15.11/SF
NOI
$10.5K $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%
$209,860
Cap Rate 7%
$149,900
Cap Rate 9%
$116,589
Alternative Uses
Best Use
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,493 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$383.4K
$335.5K – $447.3K
NOI $26,838 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,246
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Co-op unit with potential for high rental return.
Where is this apartment building located?
The property is located at 71 NW 76th St 16 Miami, FL.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: High rental return potential (up to 10%); Located in the developing Little River Industrial District; Convenient access to Midtown, Wynwood, and Miami Beach
