Remodeled 8-Unit Apartment
855 Southwest 7th Street Miami, FL 33130
For Sale
$2,947,000
Remodeled, furnished eight-unit apartment building with zoning approval for short-term rentals.
Property Size4,971 SF
Price / SF$592.84
Days on Market791
Property Features for 855 Southwest 7th Street
General Information
- Standard status
- Active
- Size
- 4,971 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1936
Listing Agency:
Gabriela Rodino Group LLC
(305) 338-5355
Listed By:
Gabriela Rodino · License #3375414
(305) 338-5355
Source:
Compass
Added: May 24, 2024
Changed: Jul 22
Last Checked: Jul 23 at 9:58AM
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 Gabriela Rodino Group LLC
Investment Insights
Based on property information with market context.
This remodeled eight-unit apartment building is offered for sale. The units are furnished and decorated, and the property is presented as an investor opportunity with a completed 40-year certification.
The property is located at 855 Southwest 7th Street in Miami, Florida. The public remarks indicate zoning permits short-term rentals, including Airbnb.
The building’s current configuration is described as an eight-unit multifamily asset with furnished accommodations suitable for short-term rental use as allowed by zoning.
The property is located at 855 Southwest 7th Street in Miami, Florida. The public remarks indicate zoning permits short-term rentals, including Airbnb.
The building’s current configuration is described as an eight-unit multifamily asset with furnished accommodations suitable for short-term rental use as allowed by zoning.
Key Highlights
- Remodeled eight‑unit apartment building
- Units are furnished and decorated
- Zoning permits short‑term rentals (Airbnb)
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 | $179.0k | $36.00 |
| − Vacancy | −$12.0k | −$2.41 |
| EGI | $167.0k | $33.59 |
| − OpEx | −$75.1k | −$15.11 |
| NOI | $91.8k | $18.47 |
4,971 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,831 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.91M
NOI $234,882 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Remodeled, furnished eight-unit apartment building with zoning approval for short-term rentals.
Where is this apartment building located?
The property is located at 855 Southwest 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,947,000.
What are key features of this property?
This property features: Remodeled eight‑unit apartment building; Units are furnished and decorated; Zoning permits short‑term rentals (Airbnb)
