Residential
New
For Sale
$900,000
10530 SW 183rd St, Miami, FL 33157
The two residences each have four bedrooms and two bathrooms, with one currently leased and the other available.
Property Size3,032 SF
Days on Market5
Property Features for 10530 SW 183rd St
General Information
Standard status
Active
Size
3,032 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,833
Building Details
Building Size
3,032 SF
Year Built
2006
Buildings
1
Listing Agency:
Pro Real Estate Group Inc
Listed By:
Winfer Quezada · License #3465741
Source:
Relinkre
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 1:01AM
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 Pro Real Estate Group Inc
Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two residences, each configured with four bedrooms and two bathrooms. One residence is vacant, while the other is occupied under a Section 8 lease.
The property is in South Miami-Dade, with access to US-1 and the Florida Turnpike. Southland Mall, West Perrine Park, and the Dennis C. Moss Cultural Arts Center are nearby.
The property is in South Miami-Dade, with access to US-1 and the Florida Turnpike. Southland Mall, West Perrine Park, and the Dennis C. Moss Cultural Arts Center are nearby.
Key Highlights
- Two residences, each with 4 bedrooms and 2 bathrooms
- One unit is vacant; the other is leased through Section 8
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,983
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,660
$1.3M
Cap Rate 7%
$914,043
$914.0K
Cap Rate 9%
$710,922
$710.9K
Market Conditions
NOI Build-Up for 3,032 SF
Gross rent
$96.4K $31.80/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$91.4K $30.15/SF
− OpEx
−$27.4K −$9.04/SF
NOI
$64.0K $21.10/SF
Area
ZIP 33157
Vacancy
5.20%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,660
Cap Rate 7%
$914,043
Cap Rate 9%
$710,922
Alternative Uses
Best Use
Multifamily LT 5
$914.0K
$799.8K – $1.07M
NOI $63,983 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$798.4K
$698.6K – $931.5K
NOI $55,891 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,678 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences each have four bedrooms and two bathrooms, with one currently leased and the other available.
Where is this duplex located?
The property is located at 10530 SW 183rd St Miami, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 2 bathrooms; One unit is vacant; the other is leased through Section 8; Built in 2006
