Fully Remodeled Duplex with Private
1293 Southwest 22nd Avenue Miami, FL 33135
For Sale
$1,150,000
Remodeled duplex with two units, private entrances, and separate utility meters, with a roof replacement in progress.
Property Size2,025 SF
Price / SF$567.90
Days on Market187
Property Features for 1293 Southwest 22nd Avenue
General Information
- Standard status
- Active
- Size
- 2,025 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1966
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Oscar Alvarez · License #3597128
(786) 888-0198
Source:
Compass
Added: Jan 18
Changed: Jul 23
Last Checked: Jul 23 at 4:47AM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This fully remodeled duplex contains two separate units, each with its own private entrance and separate utility meters. The first unit is configured with two bedrooms and two modern bathrooms. The second unit offers three bedrooms and two full bathrooms, with a designer kitchen and finishes described as premium.
The property is marketed as being located in Shenandoah with convenient access to major destinations, and positioned in a quiet residential neighborhood.
A major upgrade is currently in progress: complete roof replacement using sleek, contemporary tile and hurricane-rated construction. Permits are currently in the approval phase. The property is presented as a turn-key income opportunity, described as having rental income potential of over $7,000 per month.
The property is marketed as being located in Shenandoah with convenient access to major destinations, and positioned in a quiet residential neighborhood.
A major upgrade is currently in progress: complete roof replacement using sleek, contemporary tile and hurricane-rated construction. Permits are currently in the approval phase. The property is presented as a turn-key income opportunity, described as having rental income potential of over $7,000 per month.
Key Highlights
- Fully remodeled duplex built in 1966 with two units, each with a private entrance
- Separate utility meters for the two units
- Unit 1: 2 bedrooms, 2 modern bathrooms
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 | $62.0k | $30.60 |
| − Vacancy | −$3.9k | −$1.95 |
| EGI | $58.0k | $28.65 |
| − OpEx | −$17.4k | −$8.60 |
| NOI | $40.6k | $20.06 |
2,025 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.2K
$507.7K – $676.9K
NOI $40,612 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$534.4K
$467.6K – $623.5K
NOI $37,409 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,682 @ 7.0% cap · market cap 8.32%
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 - Remodeled duplex with two units, private entrances, and separate utility meters, with a roof replacement in progress.
Where is this duplex located?
The property is located at 1293 Southwest 22nd Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fully remodeled duplex built in 1966 with two units, each with a private entrance; Separate utility meters for the two units; Unit 1: 2 bedrooms, 2 modern bathrooms
