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6950 NW 8th Avenue, Miami FL 33150

Commercial Recently Sold
$1,160,000

BTC: 13.95236950

ETH: 437.73584906

Sold on: 2024-06-21
27 days
0 room(s)

Overview

We are proud to present the sale of an 8 unit multifamily composed of 6 units with studios with one bathroom and 2 units one bedroom with one bathroom. Six units out of the 8 units are remodeled. The building has a new roof, and the building was recently painted. The actual gross income is $124,800 with a few apartments renting under the market, rendering a 6.23% cap Add value property• Projected Cap Rate 6.83%• New roof. • The building was recently painted.• 40 Yrs. recertification has been performed.• 6 out 8 apartments are remodeled.• GBA: 4,440 sf• Lot: 6,316 sf• Parking spaces 12

Location

Florida • Miami • 33150 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
Assigned
Year Built:
1956
Lot:
0.14 Acres
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$950,000
$562K – $2.5M
Confidence Low
List vs. estimate
$400K above estimate
List $1,350,000 · +42.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
13 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $453K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,500
2023
Parking
11 spaces
All facts and features

  • Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Parking

    • Assigned

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 01-31-14-019-0860

    • Zoning: 3901

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $14,500

  • Source details

    • MLS ID: F10437957

    Other facts

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33150
90
median $584K
Active
Same city
Miami
6,553
median $635K
Active
Same type
Commercial
528
median $987K
Active
Similar price
$944K – $1.8M
950
median $1.2M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Barrington Home Realty