Renovated Duplex with Carport
1074 NW 27th St Miami, FL 33127
For Sale
Contact for pricing
Renovated duplex offers two residential units with impact windows, central A/C, and four carport parking spaces.
Property Size2,137 SF
Price / SF$372.63
Days on Market89
Property Features for 1074 NW 27th St
General Information
- Standard status
- Active
- Size
- 2,137 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing Agency:
Majestic Properties Lincoln Rd
Listed By:
Marisol Lusardi · License #3091757
Source:
Crexi
Added: Apr 27
Changed: Jul 22
Last Checked: Jul 23 at 8:28AM
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 Majestic Properties Lincoln Rd
Investment Insights
Based on property information with market context.
This renovated duplex features two separate residential units. Unit 1 is configured as a 3-bedroom, 2-bath home and is currently leased. Unit 2 offers a 2-bedroom, 1-bath layout and is fully renovated and available for a new tenant or an owner-occupant. Both units include quartz counters and stainless appliances, with tile flooring throughout; Unit 1 also features a master suite with a walk-in closet. The property is equipped with impact windows and central A/C, has a newer roof, and offers two electrical meters.
The duplex includes carport parking for four spaces and a fenced backyard. Annual leases are in place with 30-day vacate clauses. The property is located in Flood Zone X, indicating no flood insurance requirement.
With one unit leased and the other available, the layout supports live-in and lease-the-other scenarios for an owner-occupant. FHA eligibility is noted for owner-occupants.
The duplex includes carport parking for four spaces and a fenced backyard. Annual leases are in place with 30-day vacate clauses. The property is located in Flood Zone X, indicating no flood insurance requirement.
With one unit leased and the other available, the layout supports live-in and lease-the-other scenarios for an owner-occupant. FHA eligibility is noted for owner-occupants.
Key Highlights
- Renovated 1981 duplex in Allapattah with 2 residential units and central A/C.
- Unit 1: 3 bed, 2 bath leased at $3,500/mo with annual leases and 30‑day vacate clause.
- Unit 2: 2 bed, 1 bath fully renovated; available at $2,500/mo market rent (owner‑occupant or new tenant).
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 | $65.4k | $30.60 |
| − Vacancy | −$4.2k | −$1.95 |
| EGI | $61.2k | $28.65 |
| − OpEx | −$18.4k | −$8.60 |
| NOI | $42.9k | $20.06 |
2,137 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.3K
$535.7K – $714.3K
NOI $42,859 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,478 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,974 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex offers two residential units with impact windows, central A/C, and four carport parking spaces.
Where is this duplex located?
The property is located at 1074 NW 27th St Miami, FL.
What is the asking price?
The asking price for this property is $796,300.
What are key features of this property?
This property features: Renovated 1981 duplex in Allapattah with 2 residential units and central A/C.; Unit 1: 3 bed, 2 bath leased at $3,500/mo with annual leases and 30‑day vacate clause.; Unit 2: 2 bed, 1 bath fully renovated; available at $2,500/mo market rent (owner‑occupant or new tenant).
