1838 NW 18th St, Miami, FL 33125
Income-generating duplex in Miami with month-to-month tenants.
- Added:
- Dec 5, 2024
- Days on Market:
- 580
- Last Refresh:
- Apr 6 at 1:09 am
Property Features for 1838 NW 18th St
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing office Developers Group Realty (305) 588-0460
Listing date Dec 5, 2024
Source Exitrealty
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 Developers Group Realty
HighLights
- Generates $5300 in monthly rental income.
- Two units: featuring a 2‑bedroom/1‑bath and a 3‑bedroom/1‑bath.
- Located in the city of Miami.
- Large, fenced backyard.
- Includes two large sheds.
- Rear A/C and water heater are only one year old.
Overview
Local 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 | $58.3k | $30.60 |
| − Vacancy | −$3.7k | −$1.95 |
| EGI | $54.6k | $28.65 |
| − OpEx | −$16.4k | −$8.60 |
| NOI | $38.2k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.22625
- Latitude
- 25.791597
