16-Unit Apartment
734 Northwest 80th Street Miami, FL 33150
734 Northwest 80th Street, Miami, FL, 33150
$3,350,000
For Sale
$3,350,000
Well-maintained 16-unit multifamily property with one-bedroom, wall-unit A/C and separately metered electric service.
Property Size8,880 SF
Lot Size0.32 Acres
Price / SF$377.25
Days on Market151
Property Features for 734 Northwest 80th Street
General Information
- Standard status
- Active
- Size
- 8,880 SF
- Lot size
- 0.32 Acres
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1962
Listing agency
Home Sold Realty LLC
(833) 700-2782
Listed by
Camilo De la Cruz Perez · License #3467504
(833) 700-2782
Source
Compass
Added: Feb 22 Updated: Jul 21 at 12:41PM Checked: Jul 22 at 9:20AM
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 Home Sold Realty LLC
Investment Insights
Based on property information with market context.
Little River Flats is a well-maintained 16-unit multifamily property built in 1962. The asset includes one two-story building with a unit mix of sixteen one-bedroom, one-bathroom apartments. Each unit averages 555 square feet and is equipped with wall-unit air conditioning. The property features hurricane impact windows and doors, along with a flat concrete roof. Electric service is separately metered for each unit.
The property is located at 734 NW 80th Street in the Little River submarket of Miami, Florida. The surrounding area has seen investment and redevelopment, with increasing concentrations of creative businesses, restaurants, and multifamily infill projects.
For operations, the building’s single-site configuration and separately metered units support straightforward management. The overall improvements and upgrades described in the property remarks include storm-resistant openings and in-unit climate control.
The property is located at 734 NW 80th Street in the Little River submarket of Miami, Florida. The surrounding area has seen investment and redevelopment, with increasing concentrations of creative businesses, restaurants, and multifamily infill projects.
For operations, the building’s single-site configuration and separately metered units support straightforward management. The overall improvements and upgrades described in the property remarks include storm-resistant openings and in-unit climate control.
Key Highlights
- 16‑unit multifamily property with 16 one‑bedroom, one‑bath units
- Two‑story building totaling 8,880 SF on a 0.32‑acre lot
- Built in 1962; block/CBS construction with a flat concrete roof
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 | $319.7k | $36.00 |
| − Vacancy | −$21.4k | −$2.41 |
| EGI | $298.3k | $33.59 |
| − OpEx | −$134.2k | −$15.11 |
| NOI | $164.0k | $18.47 |
8,880 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $164,044 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.99M
$5.24M – $6.99M
NOI $419,584 @ 7.0% cap · market cap 12.52%
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 - Well-maintained 16-unit multifamily property with one-bedroom, wall-unit A/C and separately metered electric service.
Where is this apartment building located?
The property is located at 734 Northwest 80th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 16‑unit multifamily property with 16 one‑bedroom, one‑bath units; Two‑story building totaling 8,880 SF on a 0.32‑acre lot; Built in 1962; block/CBS construction with a flat concrete roof
