North Miami Quadplex Investment
511 NW 133rd St North Miami, FL 33168
511 NW 133rd St, North Miami, FL, 33168
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For Sale
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Well-maintained quadplex in North Miami with strong rental potential.
Property Size1,966 SF
Price / SF$427.26
Days on Market543
Property Features for 511 NW 133rd St
General Information
- Standard status
- Active
- Size
- 1,966 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing Agency
Lifestyle International Realty
(305) 757-1700
Listed by
Serge Saintil · License #3417238
Source
Crexi
Added: Jan 23, 2025 Checked: Jul 19 at 5:13 am
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This well-maintained quadplex is located in the North Miami area, offering rental potential and return on investment. The property is suitable for investors or owner-occupants seeking to generate rental income. It is conveniently located near major roads with access to I-95, and is in proximity to elementary and high schools, as well as a public park. The property has a total size of 1966 square feet. Unit #1 and Unit #3 are currently month to month. Unit #2 lease ends in September 2025, and Unit #4 lease ends in October 2025.
Key Highlights
- Strong rental income potential in a highly sought‑after North Miami location.
- Excellent return on investment opportunity.
- Convenient access to I‑95 and major roads.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.5k | $25.20 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $46.8k | $23.81 |
| − OpEx | −$14.0k | −$7.14 |
| NOI | $32.8k | $16.67 |
1,966 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.7K – $546.2K
NOI $32,773 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$431.9K
$378.0K – $503.9K
NOI $30,236 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$997.4K
$872.8K – $1.16M
NOI $69,820 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained quadplex in North Miami with strong rental potential.
Where is this quadplex located?
The property is located at 511 NW 133rd St North Miami, FL.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Strong rental income potential in a highly sought‑after North Miami location.; Excellent return on investment opportunity.; Convenient access to I‑95 and major roads.
