Converted Duplex Ready for
20075 SW 87th Pl, Cutler Bay, FL 33189
Fully renovated duplex ideal for investors or flexible living.
Type:Multifamily
Property size:
2,545 SFPrice / SF:
$322/SF- Added:
- Dec 10, 2025
- Days on Market:
- 202
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 20075 SW 87th Pl
General Information
- Standard status
- Active
- Size
- 2,545 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing office Realty Hub
Listing date Dec 10, 2025
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 Realty Hub
HighLights
- High income potential with a history of strong rental revenue: $55,000 (2022), $65,000 (2023), $48,000 (2024).
- Fully converted duplex with two spacious units on one folio, offering flexibility for investors or owner‑occupants.
- Recently renovated with updated plumbing, kitchen, flooring, landscaping, and designer finishes.
- Professionally managed, ensuring easy rental for short- or long‑term stays.
- Ideal location near popular destinations like Matheson Hammock Park, Deering Estate, and Fairchild Gardens.
- Private outdoor spaces for each unit.
Overview
This fully converted duplex presents an opportunity for investors or buyers seeking flexibility and income. The property features two spacious units under a single folio. Both units are easily rentable for short- or long-term stays, managed by a professional company. The location is convenient for wedding guests in Homestead and visitors to Matheson Hammock Park, Deering Estate, and Fairchild Gardens. The property has been renovated with updated plumbing, kitchens, flooring, landscaping, and designer finishes. Each unit includes private outdoor spaces. The roof was replaced in 2018. The rental income was $55,000 in 2022, $65,000 in 2023, and $48,000 in 2024. The average monthly income per unit for 2025 is based on short-term rentals.
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 | $64.1k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $60.6k | $23.81 |
| − OpEx | −$18.2k | −$7.14 |
| NOI | $42.4k | $16.67 |
2,545 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$606.1K
$530.3K – $707.1K
NOI $42,425 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$559.1K
$489.3K – $652.3K
NOI $39,140 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,383 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cutler Bay
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.332985
- Latitude
- 25.58042
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated duplex ideal for investors or flexible living.
Where is this duplex located?
The property is located at 20075 SW 87th Pl Cutler Bay, FL.
What is the asking price?
The asking price for this property is $822,000.
What are key features of this property?
This property features: High income potential with a history of strong rental revenue: $55,000 (2022), $65,000 (2023), $48,000 (2024).; Fully converted duplex with two spacious units on one folio, offering flexibility for investors or owner‑occupants.; Recently renovated with updated plumbing, kitchen, flooring, landscaping, and designer finishes.
