Florida / Miami / 33136 / 535 Northwest 7th Street

535 Northwest 7th Street

Q: What is the asking price for 535 Northwest 7th Street in Miami?

The asking price for 535 Northwest 7th Street is $1,875,000

Q: What is the building size of this Multifamily property in Miami, FL?

The size of the building/unit at 535 Northwest 7th Street in Miami is 6,348 square feet.

Q: How much land does the Miami, FL property at 535 Northwest 7th Street include?

535 Northwest 7th Street in Miami includes 0.172 acres of land.

Q: What is the population within 1 mile of 535 Northwest 7th Street?

The population within 1 mile of 535 Northwest 7th Street Miami, FL 33136 is 48,892 people.

Q: Who do I contact for questions about 535 Northwest 7th Street?

You should contact the listing agent, Adriano Salucci, for any details regarding this commercial listing.

Miami, FL 33136

Listing ID: 187561

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Building Size: 6,348 SF

Lot Size: 0.172 AC

Land Size: 7,500 SF

Building $/SF: $295.37

Land $/SF: $250.00

Price

$1,875,000

Description

APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1’s and six (6) 2/1’s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami.
Property Summary
Property Type: Multifamily
Building Size: 6,348 SF
Lot Size: 7,500 SF
Parking: 10 Spaces
Current NOI: $108,000
Cap Rate: 5.78%
Zoning: T5-O
ASKING PRICE: $1,875,000
Property Highlights
Located just west of I-95
Sits right below the skyline of Downtown and Brickell in Miami
Located between the Historic neighborhood of Spring Garden, The Miami River District and Overtown
Located less than a mile from Brightline’s Miami Central Station
Near the Historic Lyric Theater
More investment coming to the area in both development and small businesses
This neighborhood will be highly coveted in the near future

Attachments & Files

535-nw7st-om-GLo-ylc.pdf

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Miami History of Multifamily Housing for Sale

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Listing Demographics for 535 Northwest 7th Street Miami, FL 33136

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		48,892	281,607	534,847
Population Median Age		41	40	40
Population by Age	0-9 Yrs	4590 (9%)	28264 (10%)	57186 (10%)
	10-19 Yrs	3933 (8%)	24075 (8%)	48078 (8%)
	20-29 Yrs	7441 (15%)	42581 (15%)	75667 (14%)
	30-39 Yrs	9603 (19%)	49718 (17%)	88505 (16%)
	40-49 Yrs	6512 (13%)	41318 (14%)	78763 (14%)
	50-59 Yrs	6449 (13%)	36797 (13%)	71426 (13%)
	60-69 Yrs	4599 (9%)	27233 (9%)	53587 (10%)
	70+ Yrs	5764 (11%)	31621 (11%)	61635 (11%)

Median HH Income		$27,565	$37,027	$38,865
Total Household Income	< 24K	9752 (47%)	40239 (36%)	73334 (35%)
	25-49K	4673 (22%)	25769 (23%)	48936 (23%)
	50-74K	2422 (11%)	15031 (13%)	29214 (14%)
	75-99K	1492 (7%)	9364 (8%)	17428 (8%)
	100-199K	1568 (7%)	12852 (11%)	25267 (12%)
	200K+	678 (3%)	5929 (5%)	12460 (6%)

Highest Education Level	No Diploma	10910	50364	85657
	Diploma or GED	10945	61132	111953
	Some College	4611	25979	51608
	Assoc. Degree	2249	12696	27296
	Bachelors Degree	5250	36583	71870
	Higher Degree	3266	24858	49023

Total Housing Units		25,041	132,477	253,268
--Owner-Occupied		2,873	28,845	63,092
--Renter-Occupied		17,712	80,339	143,548
Owner-Occupied Values	< 100K	385	2674	6114
	100-199K	515	4981	11568
	200-299K	782	6331	13613
	300-399K	374	4771	9876
	400-499K	235	3266	5836
	500K+	582	6823	16084

Total Working Age Population		41,855	238,938	448,323
In Work Force		24,634	147,784	280,544
Not In Work Force		17,222	91,154	167,779
Workforce Employed		22,962	138,711	260,744
Workforce Unemployed		1,643	8,911	19,572
Civlian Workforce		24,604	147,622	280,316
Military Workforce		30	162	228

Total Households		20,585	109,184	206,639
Family Households		9,003	57,008	109,787
Non-Family Households		11,582	52,175	96,852
Married Couple		5,211	33,708	64,553
Other Family		3,793	23,300	45,234
Married w/Child		1,779	12,586	23,420
Single Male w/Child		255	2,158	3,943
Single Female w/Child		1,464	7,606	15,708

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 535 Northwest 7th Street in Miami?

The asking price for 535 Northwest 7th Street is $1,875,000

What is the building size of this Multifamily property in Miami, FL?

The size of the building/unit at 535 Northwest 7th Street in Miami is 6,348 square feet

How much land does the Miami, FL property at 535 Northwest 7th Street include?

535 Northwest 7th Street in Miami includes 0.172 acres of land

What is the population within 1 mile of 535 Northwest 7th Street in Miami?

The population within 1 mile of 535 Northwest 7th Street Miami, FL 33136 is 48,892 people.

Who do I contact for questions about 535 Northwest 7th Street?

You should contact the listing agent, Adriano Salucci, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Miami International Airport (MIA)	5
Fort Lauderdale Hollywood International Airport (FLL)	20
Palm Beach International Airport (PBI)	63