7850 Northeast 10th Avenue

Miami, FL 33138

Listing ID: 214635
$3,000,000
For Sale
  • Property Type Multifamily
  • Lot Size Acres 0.438
  • Building Sq Ft 9,299
  • Building Price per Sq Ft $322.62
  • Land Sq Ft 19,062
  • Land Price per Sq Ft $157.38
7850 Northeast 10th Avenue - main image
7850 Northeast 10th Avenue - alt image 2
7850 Northeast 10th Avenue - alt image 3
Description

Fausto Commercial is pleased to present the Little River Apartments at 7850 NE 10th Avenue in Miami Florida. This is a 17-unit apartment community located in the city of Miami. The property consists of 17 one-bedroom/one-bathroom units totaling 9,299 rentable square feet. This property is a 1070’s vintage and fully remodeled in 2017. It’s situated on a 19,602 Sq Feet of land. The property is being offered for sale at $3,000,000 representing a 4.80% cap rate based on current in-place income. After increasing rents to market average, the year one cap is expected to rise to 6.04%.

The Little River Apartments is located near 79th Street and Biscayne Blvd, two major thoroughfares in Miami Shores. The asset is near the former Immigration Building** (Triton Center) which is currently a revitalization project that will be converted into a 139-room Hilton Garden Inn, 324 apartment suites and approximately 25,000 square feet of rentable commercial space with 585 parking spaces. It is also surrounded by new developments along the corridor including a wide variety of retail and restaurant options. Additionally, this area of Miami has seen increasing rents and demand. It is centrally located minutes away from the revitalized Wynwood and Downtown Miami, as well as North And Mid Beach area, South Beach.

Listing Demographics

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 Population26,475241,656666,075
Population Median Age403839
Population by Age0-9 Yrs3289 (12%)28267 (11%)74566 (11%)
10-19 Yrs1750 (6%)26189 (10%)68244 (10%)
20-29 Yrs2567 (9%)33713 (13%)91729 (13%)
30-39 Yrs5488 (20%)42956 (17%)114353 (17%)
40-49 Yrs4568 (17%)35646 (14%)93728 (14%)
50-59 Yrs4162 (15%)32447 (13%)90599 (13%)
60-69 Yrs2260 (8%)22343 (9%)69320 (10%)
70+ Yrs2391 (9%)20097 (8%)63535 (9%)
Median HH Income$47,552$52,928$52,611
Total Household Income< 24K3671 (28%)23301 (25%)65964 (25%)
25-49K3110 (23%)20573 (22%)59261 (22%)
50-74K2003 (15%)15377 (16%)44443 (16%)
75-99K1278 (9%)10478 (11%)27394 (10%)
100-199K2035 (15%)14495 (15%)40418 (15%)
200K+978 (7%)8583 (9%)24110 (9%)
Highest Education LevelNo Diploma20332478175542
Diploma or GED426638611116871
Some College43122712973612
Assoc. Degree23531726442645
Bachelors Degree479239386100413
Higher Degree30132655976782
Total Housing Units14,524112,657364,420
--Owner-Occupied5,29035,834103,217
--Renter-Occupied7,78456,973158,374
Owner-Occupied Values< 100K19421457721
100-199K532513417002
200-299K1096735119949
300-399K540420812848
400-499K88837959832
500K+20411320035863
Total Working Age Population22,219197,781550,722
In Work Force16,558133,296359,205
Not In Work Force5,66164,485191,517
Workforce Employed15,882124,645337,330
Workforce Unemployed6768,61921,473
Civlian Workforce16,558133,265358,802
Military Workforce031402
Total Households13,07492,807261,590
Family Households6,15652,994143,053
Non-Family Households6,91839,813118,537
Married Couple3,80631,56889,893
Other Family2,35121,42653,160
Married w/Child1,05611,85631,433
Single Male w/Child502,0995,602
Single Female w/Child1,5768,89919,862

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242
Monroe County79,589-873,090+174,004074,301

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.

Listing Location & Map Views
Listing Agent
More listings from Vicente Rodriguez
Featured Local Vendors

Title Company
Your Ad Here
Your company could be listed here
Click for more info!
Insurance Agency
Your Ad Here
Your company could be listed here
Click for more info!
Environmental Studies
Your Ad Here
Your company could be listed here
Click for more info!
HVAC Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Mold Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Roofing Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Private Lending
Your Ad Here
Your company could be listed here
Click for more info!
Real Estate Attorney
Your Ad Here
Your company could be listed here
Click for more info!
Electrical Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Property Management
Your Ad Here
Your company could be listed here
Click for more info!
Plumbing Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Property Inspection
Your Ad Here
Your company could be listed here
Click for more info!

Other property types near Miami, FL