Miami Duplex with Income
1042 NW 76th St Miami, FL 33150
For Sale
Contact for pricing
Duplex in Miami with income potential, ideal for investors.
Property Size1,801 SF
Price / SF$330.37
Days on Market722
Property Features for 1042 NW 76th St
General Information
- Standard status
- Active
- Size
- 1,801 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing Agency:
Coldwell Banker Realty
(305) 321-8664
Listed By:
Free Valente · License #3265814
Source:
Crexi
Added: Aug 3, 2024
Changed: Jul 6
Last Checked: Jul 24 at 2:56PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property, suitable for first-time homebuyers or investors, features a duplex with 6 bedrooms and 4 bathrooms. Both units are currently rented, generating a total monthly income of $3,600. The property includes central A/C approximately 3 years old, an updated electrical panel approximately 2 years old, a water heater approximately 5 years old, and a roof approximately 6 years old. Located in a rapidly gentrifying neighborhood within the City of Miami, the property offers value-add potential through renovations, updates, or new construction, with zoning that allows for up to three units to be built. The property size is 1801 square feet.
Key Highlights
- Income‑generating property with $3,600/month rental income.
- Zoning allows for up to three units to be built, offering development potential.
- Suitable for owner‑occupancy with rental income or investment.
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 | $55.1k | $30.60 |
| − Vacancy | −$3.5k | −$1.95 |
| EGI | $51.6k | $28.65 |
| − OpEx | −$15.5k | −$8.60 |
| NOI | $36.1k | $20.06 |
1,801 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.0K
$451.5K – $602.0K
NOI $36,120 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,098 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Miami with income potential, ideal for investors.
Where is this duplex located?
The property is located at 1042 NW 76th St Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Income‑generating property with $3,600/month rental income.; Zoning allows for up to three units to be built, offering development potential.; Suitable for owner‑occupancy with rental income or investment.
