Remodeled Rental
1615 NW 45th St, Miami, FL 33142
For Sale
New
Contact for pricing
The unit has a private entrance, in-home laundry, and a fenced outdoor area.
Property Size1,452 SF
Price / SF$1.62
Days on Market7
Property Features for 1615 NW 45th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
fenced yard
private entrance
Building Details
Building Size
Year Built
Listing Agency:
Avanti Way Realty LLC
Listed By:
Natalia Chicas Pineda · License FL #3622791
(786) 365-6982
Source:
Batrare
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 10 at 6:04PM
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 Avanti Way Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This remodeled rental offers two bedrooms and one bathroom, with a private entrance and laundry inside the unit. A fenced yard provides uncovered parking for up to four vehicles, and street parking is also available.
By car, the property is approximately 10 minutes from Miami International Airport, the Miami Design District, Wynwood, and Midtown Miami. These destinations include employment, shopping, and dining options.
By car, the property is approximately 10 minutes from Miami International Airport, the Miami Design District, Wynwood, and Midtown Miami. These destinations include employment, shopping, and dining options.
Key Highlights
- Remodeled two‑bedroom, one‑bath rental
- Private entrance and in‑unit laundry
- Fenced yard with uncovered parking for up to four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,460
$536.5K
Cap Rate 7%
$383,186
$383.2K
Cap Rate 9%
$298,033
$298.0K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$52.3K $36.00/SF
− Vacancy
−$3.5K −$2.41/SF
EGI
$48.8K $33.59/SF
− OpEx
−$21.9K −$15.11/SF
NOI
$26.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,460
Cap Rate 7%
$383,186
Cap Rate 9%
$298,033
Alternative Uses
Best Use
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Miami, FL
Properties on Market for Residential income properties in Miami
Frequently Asked Questions
What type of property is this?
Residential income property - The unit has a private entrance, in-home laundry, and a fenced outdoor area.
Where is this residential income property located?
The property is located at 1615 NW 45th St Miami, FL.
What are key features of this property?
This property features: Remodeled two‑bedroom, one‑bath rental; Private entrance and in‑unit laundry; Fenced yard with uncovered parking for up to four vehicles
