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Current Income $257,640 Cap Rate 5.40% 7435 Byron Ave 10 Unit Apartment Building $4,451,557 CAD ($445,156 CAD/Unit) 5.75% Cap Rate Miami Beach, FL 33141
Investment Highlights
- Located three blocks from the ocean and steps from dining and retail along Collins Avenue.
- Convenient links to Miami Beach’s commercial corridors and public transportation options.
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 |
$352,892
|
$53.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$352,892
|
$53.93
|
| Taxes |
$44,270
|
$6.77
|
| Operating Expenses |
$52,774
|
$8.07
|
| Total Expenses |
$97,044
|
$14.83
|
| Net Operating Income |
$255,848
|
$39.10
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $352,892 |
| Annual Per SF | $53.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $352,892 |
| Annual Per SF | $53.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $44,270 |
| Annual Per SF | $6.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $52,774 |
| Annual Per SF | $8.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $97,044 |
| Annual Per SF | $14.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $255,848 |
| Annual Per SF | $39.10 |
Property Facts
| Price | $4,451,557 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $445,156 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.75% | 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 - Residential | ||
| Price | $4,451,557 CAD |
| Price Per Unit | $445,156 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| 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 - Residential |
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
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-3202-003-0310 | Total Assessment | $2,327,975 CAD (2025) |
| Land Assessment | $1,239,750 CAD (2025) | Annual Taxes | $44,270 CAD ($6.77 CAD/SF) |
| Improvements Assessment | $1,088,225 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
02-3202-003-0310
Land Assessment
$1,239,750 CAD (2025)
Improvements Assessment
$1,088,225 CAD (2025)
Total Assessment
$2,327,975 CAD (2025)
Annual Taxes
$44,270 CAD ($6.77 CAD/SF)
Tax Year
2024
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Current Income $257,640 Cap Rate 5.40% | 7435 Byron Ave
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