Renovated Multifamily
For Sale
$1,200,000
8400 NW 15th Ave, Miami, FL 33147
Renovated units include impact windows, central A/C, and gated parking.
Property Size3,576 SF
Days on Market65
Property Features for 8400 NW 15th Ave
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Income/MultiFamily
Amenities
gated parking
impact windows
central A/C
landscaped lot
Building Details
Building Size
3,576 SF
Year Built
1973
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Vicente Rodriguez · License #3289280
(305) 510-6627
Source:
Miamibrokersgroup
Added: Aug 3
Changed: Sep 25
Last Checked: Oct 5 at 10:57PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This multifamily property includes 3,576 square feet of building area and was built in 1973. The improvements include renovated units, impact windows, central A/C, and gated parking. A landscaped lot and spacious unit layouts add to the physical profile of the property.
Located at 8400 NW 15th Ave in Miami, Florida, the property carries zoning designation 0100.
Located at 8400 NW 15th Ave in Miami, Florida, the property carries zoning designation 0100.
Key Highlights
- 3,576‑square‑foot multifamily property
- Built in 1973
- Renovated units with impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,061
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,220
$1.3M
Cap Rate 7%
$943,729
$943.7K
Cap Rate 9%
$734,011
$734.0K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$128.7K $36.00/SF
− Vacancy
−$8.6K −$2.41/SF
EGI
$120.1K $33.59/SF
− OpEx
−$54.0K −$15.11/SF
NOI
$66.1K $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 Rate 5%
$1,321,220
Cap Rate 7%
$943,729
Cap Rate 9%
$734,011
Alternative Uses
Best Use
Apartment 5plus
$943.7K
$825.8K – $1.10M
NOI $66,061 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.82M
NOI $168,968 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated units include impact windows, central A/C, and gated parking.
Where is this multifamily property located?
The property is located at 8400 NW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,576‑square‑foot multifamily property; Built in 1973; Renovated units with impact windows
