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Current Income $257,640 Cap Rate 5.40% 7435 Byron Ave 10 Unit Apartment Building $3,400,000 ($340,000/Unit) 5.50% Cap Rate Miami Beach, FL 33141
EXECUTIVE SUMMARY
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum.
Offering Memorandum available upon request.
Offering Memorandum available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$257,640
|
$39.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$257,640
|
$39.38
|
| Taxes |
$32,321
|
$4.94
|
| Operating Expenses |
$38,529
|
$5.89
|
| Total Expenses |
$70,850
|
$10.83
|
| Net Operating Income |
$186,790
|
$28.55
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $257,640 |
| Annual Per SF | $39.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $257,640 |
| Annual Per SF | $39.38 |
| Taxes | |
|---|---|
| Annual | $32,321 |
| Annual Per SF | $4.94 |
| Operating Expenses | |
|---|---|
| Annual | $38,529 |
| Annual Per SF | $5.89 |
| Total Expenses | |
|---|---|
| Annual | $70,850 |
| Annual Per SF | $10.83 |
| Net Operating Income | |
|---|---|
| Annual | $186,790 |
| Annual Per SF | $28.55 |
PROPERTY FACTS
| Price | $3,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $340,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.50% | Building Size | 6,543 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | RM-2, Miami Beach | ||
| Price | $3,400,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | Build to Suit |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,543 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | RM-2, Miami Beach |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Tile Floors
- Kitchen
- Intercom
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gated
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-3202-003-0310 | Total Assessment | $1,690,000 (2025) |
| Land Assessment | $900,000 (2025) | Annual Taxes | $32,321 ($4.94/SF) |
| Improvements Assessment | $790,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02-3202-003-0310
Land Assessment
$900,000 (2025)
Improvements Assessment
$790,000 (2025)
Total Assessment
$1,690,000 (2025)
Annual Taxes
$32,321 ($4.94/SF)
Tax Year
2024
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Current Income $257,640 Cap Rate 5.40% | 7435 Byron Ave
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