Miami Beach Multifamily Investment
7630 Byron Ave Miami Beach, FL 33141
7630 Byron Ave, Miami Beach, FL, 33141
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For Sale
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Income-producing, renovated 6-unit property near Miami Beach.
Property Size3,400 SF
Price / SF$463.24
Days on Market67
Property Features for 7630 Byron Ave
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing Agency
United Realty Group Inc
(305) 900-8292
Listed by
Ilan Ziv · License #3601056
Source
Crexi
Added: May 13 Checked: Jul 17 at 9:12 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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This multifamily property in Miami Beach presents an investment opportunity. The fully renovated building contains six units, including four 1-bedroom/1-bath residences and two studio apartments. The property is located near the beach, Collins Avenue, dining, shopping, and entertainment venues. The property generates rental income exceeding $11,300 per month. Upgrades throughout the property contribute to low-maintenance ownership and tenant appeal. The property contains 3,400 square feet.
Key Highlights
- Prime Miami Beach location, steps from the beach, Collins Avenue, dining, shopping, and entertainment.
- Fully renovated, turnkey property with 6 income‑producing units.
- Strong current cash flow with gross rental income exceeding $11,300/month.
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 | $99.6k | $29.28 |
| − Vacancy | −$4.5k | −$1.32 |
| EGI | $95.1k | $27.96 |
| − OpEx | −$42.8k | −$12.58 |
| NOI | $52.3k | $15.38 |
3,400 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$747.0K
$653.6K – $871.5K
NOI $52,290 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,747 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Income-producing, renovated 6-unit property near Miami Beach.
Where is this apartment building located?
The property is located at 7630 Byron Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Prime Miami Beach location, steps from the beach, Collins Avenue, dining, shopping, and entertainment.; Fully renovated, turnkey property with 6 income‑producing units.; **Strong current cash flow with gross rental income exceeding $11,300/month.**
