Tenant-Occupied
For Sale
$725,000
210 Southwest 3rd Street, Florida City, FL 33034
Tenant-occupied duplex with a functional layout, parking, and access to the Florida Turnpike and US-1.
Property Size2,160 SF
Price / SF$335.65
Days on Market262
Property Features for 210 Southwest 3rd Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income / Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,250
Building Details
Year Built
2024
Listing Agency:
Keller Williams Capital Realty
Listed By:
Reginald Brooks · License #3447330
(305) 662-7325
Source:
Compass
Added: Jan 28
Changed: Oct 14
Last Checked: Oct 16 at 10:42AM
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 Keller Williams Capital Realty
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Investment Insights
Based on property information with market context.
This duplex was built in 2024 and offers a 3-bedroom, 2-bath configuration with a functional interior layout. The property measures 2,160 square feet and includes on-site parking. Current tenant occupancy provides an existing rental arrangement for a new owner.
The property is located on Southwest 3rd Street in Florida City, Florida, with convenient connections to the Florida Turnpike and US-1. Shopping, dining, and commuter routes are accessible from the surrounding area.
The property is located on Southwest 3rd Street in Florida City, Florida, with convenient connections to the Florida Turnpike and US-1. Shopping, dining, and commuter routes are accessible from the surrounding area.
Key Highlights
- Duplex built in 2024
- 3‑bedroom, 2‑bath configuration
- 2,160 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,007
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$54.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.4K $23.81/SF
− OpEx
−$15.4K −$7.14/SF
NOI
$36.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.10M
$958.9K – $1.28M
NOI $76,710 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Check the figures for this property
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 - Tenant-occupied duplex with a functional layout, parking, and access to the Florida Turnpike and US-1.
Where is this duplex located?
The property is located at 210 Southwest 3rd Street Florida City, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex built in 2024; 3‑bedroom, 2‑bath configuration; 2,160 square feet of property size
