8031 HAWTHORNE AVE Miami Beach, FL 33141
Four-unit multifamily property with income and redevelopment potential.
Property Features for 8031 HAWTHORNE AVE
General Information
- Standard status
- Active
- Size
- 4,429 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing office KW Commercial Boca Raton East
Listing date May 4, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Strong Income: Property generates $110,400 annual gross income from four rented units.
- Upside Potential: Opportunity to increase rents to ~$2,600/unit through interior upgrades.
- Redevelopment Potential: Zoning allows for redevelopment up to 5 stories.
Local Financial Insights For Multifamily LT 5
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 | $111.6k | $25.20 |
| − Vacancy | −$6.1k | −$1.39 |
| EGI | $105.5k | $23.81 |
| − OpEx | −$31.6k | −$7.14 |
| NOI | $73.8k | $16.67 |
