WorkspaceDiscoverMultifamily · Miami · Miami-Dade County
236 SW 10th Ave, Miami
Four-unit listing at $995,000. The published $102,000 gross income and $68,500 NOI are labeled actual 2024 financials; current collected rent and NOI remain unknown.
Recorded status: Cancelled / off-market; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Est. gross yield at asking
- 12.6% Estimate · rent potential ÷ asking price
- Asking price
- $995,000
Rent potential · Estimate: $10,471/moBroad HUD benchmark, not property-specific market rent or current collections.
- Estimated annual NOI
- $63,249 Before debt and capital reserves
- Estimated cap rate
- 6.4% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $4,957 All cash · after reserves
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | $10,471 | HUD-based planning rent |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 2% | Matches planning allowance |
| Annual insurance | $12,000 | Matches planning allowance |
| Annual owner-paid utilities | $4,800 | Matches planning allowance |
| Monthly HOA or condo fees | $100 | Matches planning allowance |
| Other annual operating expenses | $2,400 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
Two 3-bedroom units, one 2-bedroom unit and a studio
- Reported units
- 4
- Reported listing area
- 2,752 sq ft
- Asking / reported sq ft
- $362
Broker info & key considerations To confirm
- The listing history records cancellation on October 2, 2026 despite an active header. The retained $995,000 is the last asking price; a current offering is unconfirmed.
- The public financial table is historical (2024). Its $8,500 monthly equivalent is not a verified current rent roll.
- Obtain current leases, collections and expenses before using this property for cash-flow screening.
- T4-R redevelopment marketing does not establish approved plans or transferable development rights.
Source evidence and diligence
Financial figures observed Sep 29, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Displayed whole-property scheduled rent × 12 divided by source asking price, not your saved offer. HUD-based planning rent: FY2027 HUD FMR for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (METRO33100MM5000), effective October 1, 2026. Documented bedrooms per offered unit: 3, 3, 2, 0. Published gross housing benchmark $11,071/month includes major utilities, excluding phone, cable/satellite TV and internet. Subtract $600/month ($150/unit) for assumed tenant-paid electricity; remaining owner-paid services use the separate displayed utility budget. This electricity amount is editable budgeting policy, not a verified allowance or conservative bound. Replace scheduled rent and utility inputs with leases, payer terms and local bills. The adjusted $10,471/month is a full-occupancy scenario, not a rental appraisal, lease offer, subsidy payment standard or eligibility decision. Full-occupancy potential before vacancy, operating costs, financing and income tax; not current collections, cap rate or cash return.
Sources
- Source reviewed 29 Sep 2026 · price, status, income and claims; older tax/fee provenance retainedSource observation · Sep 29, 2026
- Listing page on loopnet.comWorkbook observation · Sep 22, 2026
- 3 Oct availability review · Compass / A11702068; cancelled 2 Oct; active header conflicts with historySource observation · Oct 3, 2026
Questions to resolve
- Obtain unit leases, tenant estoppels and a trailing 12-month operating statement.
- Verify legal unit count, title, permitted work and possession terms.
- Obtain wind/flood insurance quotes and a buyer property-tax estimate.
- Inspect roof, structure and recertification records; price immediate work.
Similar properties
- 241 NW 34th Ter, Miami: 2-unit multifamily, asking $960,000
- 971 79th Ter, Miami Beach: 2-unit multifamily, asking $950,000
- 1565 NW 47th St, Miami: 2-unit multifamily, asking $895,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods