Miami, FL 33130 Miami, FL 33130
MULTI_FAMILY - Other - Miami, FL
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- RDJ REAL ESTATE INVESTMENTS LLC
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22803
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Joey Fumero-Manso License #279646883 (786) 400-6373
Listing office Re/Max Destination Realty 4048 Evans Ave, Ste 307, Fort Myers, FL (239) 432-9030
Listing date Oct 25, 2025
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Investment Insights
Based on property information with market context.
Key Highlights
- High income generation: Generates $14,100 per month in rental income.
- Turn‑key property is fully renovated, minimizing immediate maintenance costs.
- New roof replaced in 2024 (with permit).
Local 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 | $165.9k | $36.00 |
| − Vacancy | −$11.1k | −$2.41 |
| EGI | $154.8k | $33.59 |
| − OpEx | −$69.6k | −$15.11 |
| NOI | $85.1k | $18.47 |