Assisted Living
7151 SW 42nd St Miami, FL 33155
New
7151 SW 42nd St, Miami, FL, 33155
$1,000,000
For Sale
$1,000,000
Licensed assisted living facility for 6 residents with impact-resistant windows, a 2025 roof, and a backup generator.
Property Size1,833 SF
Price / SF$545.55
Days on Market3
Property Features for 7151 SW 42nd St
General Information
- Standard status
- Active
- Size
- 1,833 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing Agency
(954) 646-3222
Listed by
Canvas Real Estate
(954) 646-3222
Source
Xome
Added: Jul 17 Checked: Jul 19 at 1:44 am
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This fully operational assisted living facility is licensed for 6 residents and is currently operating at full occupancy. The property includes 5 bedrooms and 3 bathrooms, along with impact-resistant windows. Recent improvements include a brand-new roof installed in 2025, and the facility is equipped with a backup generator.
The property is located just off Bird Road (SW 40th Street) in a centrally located Miami area, with convenient access to major transportation corridors including Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
The facility has been operating under its present ownership since 2022, with continuous family-operated assisted living activity since 2009.
The property is located just off Bird Road (SW 40th Street) in a centrally located Miami area, with convenient access to major transportation corridors including Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
The facility has been operating under its present ownership since 2022, with continuous family-operated assisted living activity since 2009.
Key Highlights
- Licensed assisted living facility for 6 residents, currently operating at full occupancy
- Impact‑resistant windows plus 5 bedrooms and 3 bathrooms
- Brand‑new roof installed in 2025
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 | $66.0k | $36.00 |
| − Vacancy | −$4.4k | −$2.41 |
| EGI | $61.6k | $33.59 |
| − OpEx | −$27.7k | −$15.11 |
| NOI | $33.9k | $18.47 |
1,833 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$483.7K
$423.3K – $564.4K
NOI $33,862 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,610 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Senior Living Miami, FL LLC — 113.01 S Dixie Hwy #566150, Miami, FL 33256
- UME Family Corporation — 7960 SW 36th St, Miami, FL 33155
- SENIOR HAVEN — 6745 SW 32nd Terrace, Miami, FL 33155
- Parx Home Health Care — 4913 SW 74th Ct, Miami, FL 33155
FAQs
What type of property is this?
Assisted living facility - Licensed assisted living facility for 6 residents with impact-resistant windows, a 2025 roof, and a backup generator.
Where is this assisted living facility located?
The property is located at 7151 SW 42nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Licensed assisted living facility for 6 residents, currently operating at full occupancy; Impact‑resistant windows plus 5 bedrooms and 3 bathrooms; Brand‑new roof installed in 2025
