Duplex with Updated
New
For Sale
$949,995
2090 SW 70th Ave, Miami, FL 33155
Each residence has private entry, separate utility meters, and a three-bedroom, two-bathroom layout.
Property Size2,984 SF
Price / SF$318.36
Days on Market6
Property Features for 2090 SW 70th Ave
General Information
Standard status
Active
Size
2,984 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,361
Building Details
Building Size
2,984 SF
Year Built
1976
Listing Agency:
Borges Realty Group LLC
Listed By:
Patricia Borges · License #3586565
(305) 423-5112
Source:
Batrare
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 11:06AM
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 Borges Realty Group LLC
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Investment Insights
Based on property information with market context.
This 2,984-square-foot duplex contains two residences, each arranged with three bedrooms and two full bathrooms, including a primary suite with an en-suite bath. Both kitchens have been renovated, and select bathrooms have also received updates. The units have separate entrances, one oriented south and the other east. The east-facing residence includes a backyard and covered patio. Separate electric and water meters serve the two units.
The property is a few blocks from the Palmetto Expressway (826) and minutes from Coral Gables. Built in 1976, the duplex is identified with zoning code 5100.
The property is a few blocks from the Palmetto Expressway (826) and minutes from Coral Gables. Built in 1976, the duplex is identified with zoning code 5100.
Key Highlights
- 2,984 square feet across two residences
- Each unit has 3 bedrooms and 2 full bathrooms
- Renovated kitchens and select bathroom updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,846
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,920
$1.2M
Cap Rate 7%
$854,943
$854.9K
Cap Rate 9%
$664,956
$665.0K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$91.3K $30.60/SF
− Vacancy
−$5.8K −$1.95/SF
EGI
$85.5K $28.65/SF
− OpEx
−$25.6K −$8.60/SF
NOI
$59.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,920
Cap Rate 7%
$854,943
Cap Rate 9%
$664,956
Alternative Uses
Best Use
Multifamily LT 5
$854.9K
$748.1K – $997.4K
NOI $59,846 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$787.5K
$689.1K – $918.8K
NOI $55,125 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,995 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has private entry, separate utility meters, and a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 2090 SW 70th Ave Miami, FL.
What is the asking price?
The asking price for this property is $949,995.
What are key features of this property?
This property features: 2,984 square feet across two residences; Each unit has 3 bedrooms and 2 full bathrooms; Renovated kitchens and select bathroom updates
