The Gateway at Belle Meade 7500-7514 NE 6th Ct

16 Unit Apartment Building $4,400,000 ($275,000/Unit) 5.58% Cap Rate Miami, FL 33138

INVESTMENT HIGHLIGHTS

  • Fully Renovated Community at entrance to Belle Meade
  • Impact windows, Central A/C & recessed lighting
  • T4-R zoning - allows monthly rentals
  • In-suite laundry in each residence
  • Gated entrance, lushly landscaped grounds

EXECUTIVE SUMMARY

Nestled at the entrance of the highly sought-after Belle Meade neighborhood, just one block east of iconic Biscayne Boulevard, 7500 NE 6th Ct boasts a desirable corner location with a gated entrance. The property features inviting green spaces adorned with mature shade trees, creating a tranquil oasis.
Each residence has been meticulously renovated, offering modern comforts and stylish upgrades. Highlights include in-suite washer/dryers, impact-resistant windows, new kitchens and bathrooms with high-end finishes and stainless-steel appliances, customized closet systems, recessed lighting, and central air conditioning.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $4,400,000
Price Per Unit $275,000
Sale Type Investment
Cap Rate 5.58%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.31 AC
Building Size 8,517 SF
No. Stories 2
Year Built/Renovated 1938/2022

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Range

SITE AMENITIES

  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Gated
  • Furnished Units Available

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 8 - 500
1+1 8 - 575
Walk Score®
Walker's Paradise (92)

PROPERTY TAXES

ZONING

Zoning Code T4-R
  • Listing ID: 34616907

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 7500-7514 NE 6th Ct, Miami, FL 33138