7811-7817 NE 10th Ct - Apartments FOR SALE


Miami, FL 33138- Upper East Side North
$1,550,000 USD
786-487-1648
7811-7817 NE 10th Ct, Miami, FL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/6
null | 8% Cap Rate

7811-7817 NE 10th Ct
Miami, FL 33138
Upper East Side North


OVERVIEW

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: $1,550,000 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

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$425 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

8%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R-3

APN/PARCEL ID

01-3208-008-0350

ASK ABOUT THIS PROPERTY

Abemar BeltranAbemar Beltran PaMore Info
786-487-1648

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Abemar BeltranAbemar Beltran PaMore Info
786-487-1648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.