Renovated Multifamily Building in
7320 Carlyle Ave Miami Beach, FL 33141
For Sale
Contact for pricing
Four renovated units, ideal for investors in a desired sector.
Property Size3,707 SF
Price / SF$431.62
Days on Market814
Property Features for 7320 Carlyle Ave
General Information
- Standard status
- Active
- Size
- 3,707 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing Agency:
Miami Beach Real Estate Group
Listed By:
Monica Villalva · License #3571920
Source:
Crexi
Added: May 2, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:42AM
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 Miami Beach Real Estate Group
Investment Insights
Based on property information with market context.
This multifamily building features four fully renovated, income-ready units. The property includes two apartments with two bedrooms and one bathroom each, and two apartments with one bedroom and one bathroom each. The property size is 3707 square feet. This property is located in Miami Beach, Florida.
Key Highlights
- Four fully renovated, income‑ready units.
- Attractive mix of unit types: two 2‑bedroom/1‑bathroom and two 1‑bedroom/1‑bathroom apartments.
- Ideal for investors seeking a profitable property.
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 | $93.4k | $25.20 |
| − Vacancy | −$5.1k | −$1.39 |
| EGI | $88.3k | $23.81 |
| − OpEx | −$26.5k | −$7.14 |
| NOI | $61.8k | $16.67 |
3,707 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$882.8K
$772.4K – $1.03M
NOI $61,795 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$814.4K
$712.6K – $950.2K
NOI $57,011 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,650 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four renovated units, ideal for investors in a desired sector.
Where is this quadplex located?
The property is located at 7320 Carlyle Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four fully renovated, income‑ready units.; Attractive mix of unit types: two 2‑bedroom/1‑bathroom and two 1‑bedroom/1‑bathroom apartments.; Ideal for investors seeking a profitable property.
