8-Unit Apartment
940 SW 36th Ct, Miami, FL 33135
For Sale
New
$1,600,000
Paid on-site laundry and dedicated parking are part of the property’s resident amenities.
Property Size4,568 SF
Days on Market2
Property Features for 940 SW 36th Ct
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site paid laundry
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
Listed By:
Nordis Forcade-Martin · License FL #3407305
(305) 417-8037
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:23PM
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 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
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Investment Insights
Based on property information with market context.
Built in 1957, the apartment property contains eight residences: four two-bedroom, one-bathroom units, two one-bedroom, one-bathroom units, and two studios. Paid laundry is available on site, along with eight parking spaces. Six units are occupied, and all tenant agreements are month-to-month.
At 940 SW 36th Ct in Miami, the property is near Coral Gables, Miracle Mile, Brickell, Downtown Miami, and Miami International Airport. Major highways are accessible from the area.
At 940 SW 36th Ct in Miami, the property is near Coral Gables, Miracle Mile, Brickell, Downtown Miami, and Miami International Airport. Major highways are accessible from the area.
Key Highlights
- Eight apartments: four 2/1s, two 1/1s, and two studios
- Six of eight units occupied; all tenants are month‑to‑month
- On‑site paid laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,386
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,720
$1.7M
Cap Rate 7%
$1,205,514
$1.2M
Cap Rate 9%
$937,622
$937.6K
Market Conditions
NOI Build-Up for 4,568 SF
Gross rent
$164.4K $36.00/SF
− Vacancy
−$11.0K −$2.41/SF
EGI
$153.4K $33.59/SF
− OpEx
−$69.0K −$15.11/SF
NOI
$84.4K $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%
$1,687,720
Cap Rate 7%
$1,205,514
Cap Rate 9%
$937,622
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.05M – $1.41M
NOI $84,386 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.08M
$2.70M – $3.60M
NOI $215,840 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Paid on-site laundry and dedicated parking are part of the property’s resident amenities.
Where is this apartment building located?
The property is located at 940 SW 36th Ct Miami, 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: Eight apartments: four 2/1s, two 1/1s, and two studios; Six of eight units occupied; all tenants are month‑to‑month; On‑site paid laundry
