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
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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.
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
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$9.99
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Other Income |
$99,999
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$9.99
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Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
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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
Parcel Number | 01-3207-018-0610 | Total Assessment | $2,500,000 |
Land Assessment | $1,350,000 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,150,000 | Tax Year | 2024 |
ZONING
Zoning Code | T4-R |