Turnkey 12-Unit Multifamily
For Sale
$4,750,000
750 Sw 2nd St Miami, Miami, FL 33130
Turnkey 12-unit multifamily built in 2021 with in-unit washer and dryer in every unit.
Property Size10,578 SF
Price / SF$449.05
Days on Market60
Property Features for 750 Sw 2nd St Miami
General Information
Standard status
Active
Size
10,578 SF
Zoning
3900
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$53,672
Building Details
Building Size
10,578 SF
Year Built
2021
Stories
2
Listed By:
Nery Rodriguez
(904) 447-1321
Source:
Yourfhrm
Added: Jul 9
Changed: Sep 5
Last Checked: Sep 5 at 4:05AM
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 Nery Rodriguez
Investment Insights
Based on property information with market context.
This turnkey 12-unit multifamily property was built in 2021 and presents a straightforward rental configuration. The unit mix includes eight 2BR/1BA units and four 1BR/1BA units. Each unit features in-unit washer and dryer.
Tenants are responsible for all utilities. The property is described as having stable in-place rents and minimal deferred maintenance.
For sale as a residential income asset, the building offers a modern, repeatable unit layout across the 12 units, supporting day-to-day management through consistent in-unit amenities.
Tenants are responsible for all utilities. The property is described as having stable in-place rents and minimal deferred maintenance.
For sale as a residential income asset, the building offers a modern, repeatable unit layout across the 12 units, supporting day-to-day management through consistent in-unit amenities.
Key Highlights
- 12‑unit multifamily built in 2021
- Unit mix includes eight 2BR/1BA units and four 1BR/1BA units
- In‑unit washer and dryer in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$195,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,908,240
$3.9M
Cap Rate 7%
$2,791,600
$2.8M
Cap Rate 9%
$2,171,244
$2.2M
Market Conditions
NOI Build-Up for 10,578 SF
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.
Gross rent
$380.8K $36.00/SF
− Vacancy
−$25.5K −$2.41/SF
EGI
$355.3K $33.59/SF
− OpEx
−$159.9K −$15.11/SF
NOI
$195.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,908,240
Cap Rate 7%
$2,791,600
Cap Rate 9%
$2,171,244
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.26M
NOI $195,412 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.14M
$6.25M – $8.33M
NOI $499,815 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
5,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 12-unit multifamily built in 2021 with in-unit washer and dryer in every unit.
Where is this apartment building located?
The property is located at 750 Sw 2nd St Miami Miami, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 12‑unit multifamily built in 2021; Unit mix includes eight 2BR/1BA units and four 1BR/1BA units; In‑unit washer and dryer in every unit
