7811-7817 NE 10th Ct 4 Unit Apartment Building $2,119,005 CAD ($529,751 CAD/Unit) 8% Cap Rate Miami, FL 33138

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