Remodeled Duplex with Income
1173 NW 65th St, Miami, FL 33150
Duplex featuring a remodeled unit and tenant-occupied unit.
Type:Multi Family
Property size:
1,525 SFPrice / SF:
$379/SF- Added:
- May 7, 2025
- Days on Market:
- 390
- Last Refresh:
- May 29 at 2:18 am
Property Features for 1173 NW 65th St
General Information
- Standard status
- Active
- Size
- 1,525 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agent Carina Ledesma Valva License #3365476 (786) 227-0928
Listing office Florida Management & Investmen (786) 227-0928
Listing date May 7, 2025
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 Florida Management & Investmen
HighLights
- Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.
- Front unit is beautifully remodeled with modern finishes.
- Front unit includes the convenience of in‑unit laundry.
- Rear unit is tenant‑occupied and generating income.
- Property includes a wonderful patio.
- Year built is 1980.
Overview
This duplex property includes two separate units. The front unit has been remodeled into a 2-bedroom, 1-bathroom home featuring modern finishes and an in-unit laundry. The rear unit is currently tenant-occupied and in livable condition, although it has not been remodeled. A patio is located at the back of the unit. This property presents an opportunity for investors or owner-occupants seeking rental income.
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 | $46.7k | $30.60 |
| − Vacancy | −$3.0k | −$1.95 |
| EGI | $43.7k | $28.65 |
| − OpEx | −$13.1k | −$8.60 |
| NOI | $30.6k | $20.06 |
1,525 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$402.5K
$352.2K – $469.5K
NOI $28,172 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$1.03M
$900.7K – $1.20M
NOI $72,057 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.21627
- Latitude
- 25.834496
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex featuring a remodeled unit and tenant-occupied unit.
Where is this duplex located?
The property is located at 1173 NW 65th St Miami, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two separate units offer flexibility for owner‑occupancy with rental income or investment purposes.; Front unit is beautifully remodeled with modern finishes.; Front unit includes the convenience of in‑unit laundry.
