1250 NW 58th St, Miami, FL 33142
Legal duplex in a growing area, great investment opportunity.
- Added:
- Oct 28, 2024
- Days on Market:
- 593
- Last Refresh:
- May 12 at 8:45 pm
Property Features for 1250 NW 58th St
General Information
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1948
Listing agent Raffaele Capoferro License #3436490
Listing office Opera REI Inc
Listing date Oct 28, 2024
Source Crexi
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 Opera REI Inc
HighLights
- Legal duplex (2/1 + 2/1) offering immediate rental income.
- Large 7,600 sqft lot with potential to build a pool or efficiency.
- Excellent location: close to Design District, Midtown, Downtown Miami, Miami Beach, I‑95, and the Airport.
- Property is totally fenced and secured for privacy.
- Separate meters and central A/C for each unit.
- No flood area.
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 | $56.5k | $30.60 |
| − Vacancy | −$3.6k | −$1.95 |
| EGI | $52.9k | $28.65 |
| − OpEx | −$15.9k | −$8.60 |
| NOI | $37.1k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.217545
- Latitude
- 25.828102
