1574 Northwest 58th Street Miami, FL 33142
Duplex with owner financing, great investment near Wynwood.
Property Features for 1574 Northwest 58th Street
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.12 Acres
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1959
Listing office Esquire Real Estate Serv. (305) 541-3777
Listing date Jun 24, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Owner financing available with 30% down.
- Duplex in Midtown opportunity zone.
- Strong rental income: 3/2 unit rented for $2,550/month and 2/1 unit rented for $2,000/month.
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 | $44.1k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $41.3k | $28.65 |
| − OpEx | −$12.4k | −$8.60 |
| NOI | $28.9k | $20.06 |
