3-Unit Residential Rental
New
For Sale
$1,080,000
2237 SW 60th Ct, Miami, FL 33155
Two units are occupied under month-to-month leases, while the third is vacant.
Property Size3,884 SF
Days on Market7
Property Features for 2237 SW 60th Ct
General Information
Standard status
Active
Size
3,884 SF
Property subtype
Triplex
Financials
Cap Rate
8.64%
Gross Income
$93,600
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,954
Building Details
Building Size
3,884 SF
Year Built
1942
Buildings
2
Listing Agency:
EXP Realty LLC
Listed By:
Maria Bustillos · License #3260012
(786) 226-2202
Source:
Relinkre
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 1:30PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This residential rental property contains three units and was built in 1942. Two units are occupied, and the third is vacant. All leases are month to month. The property is located at 2237 SW 60th Ct in Miami, Florida, and has a stated cap rate of 8.64%. No HOA is reported.
Key Highlights
- Three rental units in one property
- Two units occupied; one unit vacant
- Month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,896
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,557,920
$1.6M
Cap Rate 7%
$1,112,800
$1.1M
Cap Rate 9%
$865,511
$865.5K
Market Conditions
NOI Build-Up for 3,884 SF
Gross rent
$118.9K $30.60/SF
− Vacancy
−$7.6K −$1.95/SF
EGI
$111.3K $28.65/SF
− OpEx
−$33.4K −$8.60/SF
NOI
$77.9K $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%
$1,557,920
Cap Rate 7%
$1,112,800
Cap Rate 9%
$865,511
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.7K – $1.30M
NOI $77,896 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$1.03M
$896.9K – $1.20M
NOI $71,751 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,521 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,525
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
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?
Triplex - Two units are occupied under month-to-month leases, while the third is vacant.
Where is this triplex located?
The property is located at 2237 SW 60th Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Three rental units in one property; Two units occupied; one unit vacant; Month‑to‑month leases
