Four-Unit
For Sale
$780,000
2124 NW 27th St, Miami, FL 33142
Fully rented residential income property with completed 40-year recertification.
Property Size1,750 SF
Days on Market55
Property Features for 2124 NW 27th St
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,941
Building Details
Building Size
1,750 SF
Year Built
1960
Buildings
1
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 443-7423
Source:
Relinkre
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 13 at 12:00AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Built in 1960, this quadplex contains four residential units, each configured with one bedroom and one bathroom. The 40-year recertification has been completed, and all units are currently rented.
The property is located at 2124 NW 27th St in Miami, Florida 33142. Walk Score is 68, indicating a somewhat walkable setting, while Transit Score is 60 and Bike Score is 53.
The property is located at 2124 NW 27th St in Miami, Florida 33142. Walk Score is 68, indicating a somewhat walkable setting, while Transit Score is 60 and Bike Score is 53.
Key Highlights
- Four‑unit residential building with one‑bedroom, one‑bath units
- All units rented
- 40‑year recertification complete
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,097
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,940
$701.9K
Cap Rate 7%
$501,386
$501.4K
Cap Rate 9%
$389,967
$390.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$53.6K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.1K $28.65/SF
− OpEx
−$15.0K −$8.60/SF
NOI
$35.1K $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%
$701,940
Cap Rate 7%
$501,386
Cap Rate 9%
$389,967
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,097 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$461.8K
$404.1K – $538.8K
NOI $32,328 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,688 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,965
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented residential income property with completed 40-year recertification.
Where is this quadplex located?
The property is located at 2124 NW 27th St Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Four‑unit residential building with one‑bedroom, one‑bath units; All units rented; 40‑year recertification complete
