6315 Sw 8 St, Miami

Usage

Multi-family - 10 units or more

Address:

6315 Sw 8 St
Miami
FL 33144

Property Size:40,466 sq ft
Acreage:0.60
Year Built:2008
Property Class:B3
Latitude:25.764
Longitude:-80.298

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Miami:

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Please quote reference number: 2146744 in your email

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Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Links

  1. 6315 Sw 8 St, Miami, FL on Google Maps
  2. Miami, FL Property Values on Trulia
  3. Demographic Data for Zipcode 33144 from City-Data.com
  4. Miami Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 33144 Zipcode

Owner Details

Companies near this Address

  1. Los Gallegos Restaurant, Inc. (7171-7173 Sw 8th St)
  2. Mercy Bakery Inc (7183-85 Sw 8 St)
  3. Libreria Impacto, Inc. (7149-55 Sw 8 St)
  4. Dejem Corp. (6455-69 Sw 8th St)
  5. Madel Pharmacy Corporation (7956-58 Sw 8th St)
  6. First Rate Insurance Agency Incorporated (8508-2 Sw 8 St)
  7. Reyes Photo Studio, Inc. (3456 Sw 8th St)
  8. Miami Ambassador Corp. (6290 S W 8 Street)
  9. Miami Cafe Restaurant Corporation (6269 Sw 8th St)
  10. Garsot Corp (6270 Sw 8th St)
  11. Raulito'S Barber Shop Inc (6266 Sw 8th St)
  12. Moron Drug & Discount Corp. (6267 Southwest 8 Street)
  13. L.G. Immigration Services, LLC (6262 Sw 8th St)
  14. Dance Masters, Corp. (6262 Sw 8 Street)
  15. New Jersey Auto Parts Inc. (6251 Sw 8 St)
  16. Lesag Hair Salon, Inc. (6244 Sw 8th St)
  17. Fmp Group Corp (6246 Sw 8 Street)
  18. A T Son Corporation (6360 Sw 8 St)
  19. Hybrid Car Solutions Inc (601 Sw 63 Ct)
  20. Farandula Barbershop, Inc (6352 Sw 8th St)
  21. Ciervo De Oro Jewelry Inc. (6365 Sw 8 Street)
  22. Tamiami Cyclery Corporation (6348 Sw 8th St)
  23. West Miami Travel & Services, Inc. (6346 Sw 8th St)
  24. Endless Medical Services Corp. (6350 Sw 8th St)
  25. Therapeutic Rehab Center Inc. (6355 Sw 8 St Ste 2e)
  26. Jesucristo En Prision Mt,25:34-46 Minisrty Inc. (6355 Sw 8th St)
  27. Cac Consulting, Inc (6355 Sw 8th St)
  28. Sun View Pharmacy LLC (6355 Sw 8 St)
  29. Mathebra Corporation (6355 Sw 8th St)
  30. Crystal Paradise Adult Day Care Inc. (6355 Sw 8 Street)

Miami-Dade County Real Estate - Miami

Miami

Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.

Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.

The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.

There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.

Miami links:

Local Household Income

The median household income in this part of Florida is $42,759. The bottom 10% of the population earn less than $13,235 per year. The top 10% earn more than $147,573 per year. The top 1% earn more than $536,049 per year. Most renters earn between $23,844 (20th percentile) and $42,888 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $967. Most renters earn between $1,987 and $3,574 per month. They typically spend 40% of their monthly income on rent. Most rents fall in the $662 (20th percentile) to $1,396 (80th percentile) range. The residential vacancy rate is 5%.

Estimated Value: 6315 Sw 8 St

Market Data

In 2013 class A multi-family - 10 units or more properties in Miami sold for $162.03 to 611.82 per sq ft with a median price per sq ft of $225.80. Class B properties sold for $68.67 to 162.02 per sq ft with a median of $99.82 and class C properties sold for $14.29 to 68.66 per sq ft with a median of $60.41.

Market Valuation

6315 Sw 8 St appears to be a B Class property. Suggested value: $4,039,316

HighMedianLow
Value6,556,301 4,039,316 2,778,800

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $2,415,800. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 6315 Sw 8 St. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent30,012
Annual Rent per Sq Ft8.90
Gross Annual Rent360,147
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount54,022
Maintenance21,042
HOA, Utilities and CAM0
Property Taxes64,480
Insurance39,252
Management Fees12,245
NOI169,106
Cap Rate7
Estimated Value2,415,800
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.