7811-7817 NE 10th Ct 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 8.29% Cap Rate Miami, FL 33138

Residential fourplex at 7811 NE 10, excellent investment opportunity with income and no rental restrictions. All units feature private patios and come furnished. Includes parking, functional layouts, and a prime location just 10 minutes from beaches and restaurants. Ideal for immediate cash flow!
Investment Opportunity – Fourplex in Miami
Price: $1,495,000
Property Type: Multifamily Fourplex
Strategy: Short-Term Rental (Airbnb)
Investment Goal: High Cash Flow Potential
?? Current Performance (Traditional Rental)
Annual Income: $12,500
Annual Expenses: $25,800
Net Result: –$13,300/year
?? Property is underperforming as a traditional rental
?? Property Features
4 Units (Three 1-bedroom units – convertible to 2-bedroom)
Independent entrances
Private outdoor space
On-site parking
Fully furnished
Ideal setup for short-term rental optimization
Value-Add Strategy
Convert to Airbnb / short-term rental model
Dynamic pricing strategy
Target occupancy: 80%–90%
Professional management & automation
This is an active income investment, not passive
Projected Financials (Short-Term Rental)
Average Daily Rate (ADR): $140/night
Estimated Gross Revenue: $163,520/year
Operating Expenses: ~$65,800/year
Projected Net Income: ~$97,700/year
Estimated ROI
Approximate Return: 6% – 7% annually
Based on conservative and realistic assumptions
Strong upside with efficient operations
?? Market Highlights – Miami
Year-round tourism demand
Frequent international events
Strong short-term rental market
Proven resilience in hospitality-driven investments