Log In/Sign Up
Your email has been sent.
Current Income $257,640 Cap Rate 5.40% 7435 Byron Ave 10 Unit Apartment Building $4,515,749 CAD ($451,575 CAD/Unit) 5.62% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$349,906
|
$53.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$349,906
|
$53.48
|
| Taxes |
$43,896
|
$6.71
|
| Operating Expenses |
$52,327
|
$8.00
|
| Total Expenses |
$96,223
|
$14.71
|
| Net Operating Income |
$253,683
|
$38.77
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $349,906 |
| Annual Per SF | $53.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $349,906 |
| Annual Per SF | $53.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $43,896 |
| Annual Per SF | $6.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $52,327 |
| Annual Per SF | $8.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $96,223 |
| Annual Per SF | $14.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $253,683 |
| Annual Per SF | $38.77 |
Property Facts
| Price | $4,515,749 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $451,575 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.62% | 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 | $4,515,749 CAD |
| Price Per Unit | $451,575 CAD |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| 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 | $2,295,223 CAD (2025) |
| Land Assessment | $1,222,308 CAD (2025) | Annual Taxes | $43,896 CAD ($6.71 CAD/SF) |
| Improvements Assessment | $1,072,915 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
02-3202-003-0310
Land Assessment
$1,222,308 CAD (2025)
Improvements Assessment
$1,072,915 CAD (2025)
Total Assessment
$2,295,223 CAD (2025)
Annual Taxes
$43,896 CAD ($6.71 CAD/SF)
Tax Year
2024
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Current Income $257,640 Cap Rate 5.40% | 7435 Byron Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.