Occupied Duplex with Separate
For Sale
$549,900
1010 Burlington Street, Opa Locka, FL 33054
Two occupied residences offer separate utility metering and dedicated laundry areas.
Property Size2,188 SF
Price / SF$251.33
Days on Market64
Property Features for 1010 Burlington Street
General Information
Standard status
Active
Size
2,188 SF
Property subtype
Duplex
Occupancy
100%
Financials
Asking Price
$624,900
Gross Income
$56,376
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1941
Buildings
1
Listing Agency:
Balistreri Real Estate Inc
(561) 886-1600
Listed By:
Ali J Kazinetz · License #3313169
(561) 699-7600
Source:
Lehmannflorida
Added: Aug 22
Changed: Oct 23
Last Checked: Oct 23 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Balistreri Real Estate Inc
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Investment Insights
Based on property information with market context.
This 2,188-square-foot duplex, built in 1941, contains two residences totaling 7 bedrooms and 4 bathrooms. The unit mix includes one 4-bedroom, 2-bathroom residence and one 3-bedroom, 2-bathroom residence. Each unit has separate electric and water meters, along with its own laundry area and individual utility connections. Both residences are currently occupied.
Property improvements include a roof replacement completed in 12/2022 and impact windows throughout most of the building, with two windows on the left side excepted. A roughly 200-square-foot shed provides additional utility space. A pre-inspection report is available for review.
The property is located in Opa-locka near Miami International Airport, Opa-locka Executive Airport, and major employment centers.
Property improvements include a roof replacement completed in 12/2022 and impact windows throughout most of the building, with two windows on the left side excepted. A roughly 200-square-foot shed provides additional utility space. A pre-inspection report is available for review.
The property is located in Opa-locka near Miami International Airport, Opa-locka Executive Airport, and major employment centers.
Key Highlights
- Two‑unit duplex with 7BR/4BA total
- 2,188 SF building completed in 1941
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,882
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,640
$877.6K
Cap Rate 7%
$626,886
$626.9K
Cap Rate 9%
$487,578
$487.6K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$67.0K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$62.7K $28.65/SF
− OpEx
−$18.8K −$8.60/SF
NOI
$43.9K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,640
Cap Rate 7%
$626,886
Cap Rate 9%
$487,578
Alternative Uses
Best Use
Multifamily LT 5
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$577.4K
$505.3K – $673.7K
NOI $40,420 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,384 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer separate utility metering and dedicated laundry areas.
Where is this duplex located?
The property is located at 1010 Burlington Street Opa Locka, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit duplex with 7BR/4BA total; 2,188 SF building completed in 1941; Separate electric and water meters for each unit
