WorkspaceDiscoverMultifamily · Miami Beach · Miami-Dade County
815 W 39th St, Miami Beach
Reported actual annual rent $149,400; renovated, occupied, in-unit laundry.
Recorded status: Workbook research; availability not rechecked. Checked: .
Workbook research; the listing has not been rechecked. Dated listing record · recheck availability and legal unit count.
- Reported gross yield
- 6.4% Rent ÷ asking price
- Asking price
- $2,350,000
Monthly rent · Reported: $12,450/mo
- Estimated annual NOI
- $56,763 Before debt and capital reserves
- Estimated cap rate
- 2.4% Modeled NOI ÷ purchase price
- Est. cash flow / mo
- $4,357 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 | $12,450 | Matches source observation |
| 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) | 1.88% | Matches planning allowance |
| Annual insurance | $13,856 | 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
4 × 2BR/2BA
- Reported units
- 4
- Reported listing area
- 3,474 sq ft
- Asking / reported sq ft
- $676
- Rent / year
- $149,400
- Historical property tax / year
- $26,623
Historical tax is the seller’s bill; buyer taxes can change.
Broker info & key considerations To confirm
- Workbook observation dated 22 Sep 2026; current availability requires confirmation.
- Reported actual annual rent $149,400; renovated, occupied, in-unit laundry.
Source evidence and diligence
Financial figures observed Sep 22, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Source-reported as of Sep 22, 2026 whole-property annual base rent divided by asking price, before vacancy, expenses and financing. Freshness is unverified. This is not cap rate or a guaranteed return. Excludes separate fees and membership income.
Sources
- Listing page on zillow.comWorkbook observation · Sep 22, 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
- 912 Euclid Ave, Miami Beach: 4-unit multifamily, asking $2,250,000
- 905 SW 13th Ct, Miami: 4-unit multifamily, asking $2,200,000
- 1791 Marseille Dr, Miami Beach: 4-unit multifamily, asking $1,810,000
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