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1063 NW 24th St Unit 1063, Miami, FL 33127
A renovated kitchen, impact-rated openings, and a private backyard add practical features to this Miami property.
Property Size675 SF
Price / SF$3.56
Days on Market8
Property Features for 1063 NW 24th St Unit 1063
General Information
Standard status
Active
Size
675 SF
Property subtype
Multi-Unit
Site & Location
Neighborhood
Santa Clara
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
impact windows and doors
private backyard
washer/dryer hookups
parking
Lot Size Square Feet: 3400
Percentage of Tax that is Deductable: 0
Vinyl Floor
Has Central AC: 1
Rental, Sale Type: Foreclosure, Availability Date: 2026-10-14
3 Bedrooms
One Story, Built in 1963
Subdivision Name: Lincoln Park
Above Area Square Feet: 675
One Full Bath
Water Source: Municipal
Oven, Refrigerator, Dishwasher, Microwave, Hot Water Heater
Building Details
Year Built
1963
Listing Agency:
Compass Florida, LLC
Listed By:
Madeline Contreras Lopez
(305) 697-2904
Source:
Doyle-realty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 24 at 6:52PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1963 and includes a two-bedroom, one-bathroom living area. The kitchen has been renovated with stainless steel appliances, and impact windows and doors are installed. A flexible living area may also function as a third bedroom or other adaptable space. Washer and dryer hookups and parking are included, along with a private backyard.
The property is in Miami, with Jackson Memorial Hospital, UM Health System, Wynwood, the Miami Design District, Midtown, and Downtown Miami described as minutes away. Metrorail, major highways, shopping, and dining are also accessible from the area.
The property is in Miami, with Jackson Memorial Hospital, UM Health System, Wynwood, the Miami Design District, Midtown, and Downtown Miami described as minutes away. Metrorail, major highways, shopping, and dining are also accessible from the area.
Key Highlights
- Two bedrooms and one bathroom
- Renovated kitchen with stainless steel appliances
- Impact windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,470
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,400
$249.4K
Cap Rate 7%
$178,143
$178.1K
Cap Rate 9%
$138,556
$138.6K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$24.3K $36.00/SF
− Vacancy
−$1.6K −$2.41/SF
EGI
$22.7K $33.59/SF
− OpEx
−$10.2K −$15.11/SF
NOI
$12.5K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,400
Cap Rate 7%
$178,143
Cap Rate 9%
$138,556
Alternative Uses
Best Use
Apartment 5plus
$178.1K
$155.9K – $207.8K
NOI $12,470 @ 7.0% cap · market cap 519.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 1,328.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen, impact-rated openings, and a private backyard add practical features to this Miami property.
Where is this residential income property located?
The property is located at 1063 NW 24th St Unit 1063 Miami, FL.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Renovated kitchen with stainless steel appliances; Impact windows and doors
