Five-Duplex Residential
11002 SW 3rd St, Sweetwater, FL 33174
For Sale
$1,100,000
The fully leased property sits adjacent to Florida International University in Sweetwater.
Property Size2,246 SF
Price / SF$489.76
Days on Market254
Property Features for 11002 SW 3rd St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Fairchild Partners, Inc.
Listed By:
Jonathan Lay · License #3216827
(786) 390-5927
Source:
Maggirealty
Added: Mar 1
Changed: Nov 7
Last Checked: Nov 8 at 12:16PM
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 Fairchild Partners, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Sweetwater offering combines five duplex properties in a fully leased residential assemblage. The address is 11002 SW 3rd St, Sweetwater, Florida. Existing occupancy provides rental income, while the site is also described as a potential redevelopment property; any redevelopment would be subject to zoning and approvals.
Florida International University is adjacent to the property. The location is in the Sweetwater and West Miami-Dade area, where the source notes ongoing residential and commercial development.
Florida International University is adjacent to the property. The location is in the Sweetwater and West Miami-Dade area, where the source notes ongoing residential and commercial development.
Key Highlights
- Five duplex properties offered as one assemblage
- Fully leased at present
- Adjacent to Florida International University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,853
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,060
$697.1K
Cap Rate 7%
$497,900
$497.9K
Cap Rate 9%
$387,256
$387.3K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$67.9K $30.24/SF
− Vacancy
−$4.6K −$2.03/SF
EGI
$63.4K $28.21/SF
− OpEx
−$28.5K −$12.70/SF
NOI
$34.9K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,060
Cap Rate 7%
$497,900
Cap Rate 9%
$387,256
Alternative Uses
Best Use
Apartment 5plus
$497.9K
$435.7K – $580.9K
NOI $34,853 @ 7.0% cap · market cap 3.17%
Second Best
Multifamily LT 5
$376.7K
$329.6K – $439.5K
NOI $26,369 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,854 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Miami-Dade County, FL
Properties on Market for Duplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The fully leased property sits adjacent to Florida International University in Sweetwater.
Where is this duplex located?
The property is located at 11002 SW 3rd St Sweetwater, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five duplex properties offered as one assemblage; Fully leased at present; Adjacent to Florida International University
