Renovated
For Sale
$729,000
Pending
2364 SW 14th St, Miami, FL 33145
Two separate structures provide a three-bedroom residence and a renovated one-bedroom unit with independent living arrangements.
Property Size1,366 SF
Lot Size0.18 Acres
Days on Market58
Property Features for 2364 SW 14th St
General Information
Standard status
Pending
Size
1,366 SF
Lot size
0.18 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,131
Building Details
Building Size
1,366 SF
Year Built
1946
Buildings
2
Listing Agency:
P.U.R.E. Investments, Inc.
Listed By:
Luznery Cabrera · License #3553622
(305) 648-3838
Source:
Allyandaj
Added: Aug 17
Changed: Oct 11
Last Checked: Oct 13 at 12:56AM
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 P.U.R.E. Investments, Inc.
Investment Insights
Based on property information with market context.
This 1946 duplex property comprises two separate structures on a nearly 8,000-square-foot lot. The front residence contains three bedrooms and one bathroom, along with a carport, updated kitchen, and renovated bathroom. The rear one-bedroom, one-bathroom unit has renovations to its electrical, plumbing, kitchen, and bathroom systems.
The property is located in Grapeland Heights, with Coral Gables, Brickell, Downtown Miami, dining, and shopping described as minutes away. Grapeland Heights Park is one block from the property. The 1,366-square-foot property offers a two-structure configuration suited to separate living arrangements or rental use.
The property is located in Grapeland Heights, with Coral Gables, Brickell, Downtown Miami, dining, and shopping described as minutes away. Grapeland Heights Park is one block from the property. The 1,366-square-foot property offers a two-structure configuration suited to separate living arrangements or rental use.
Key Highlights
- Two separate structures on a nearly 8,000‑square‑foot lot
- Front residence includes 3 bedrooms, 1 bathroom, carport, updated kitchen, and renovated bathroom
- Rear unit offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,396
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,920
$547.9K
Cap Rate 7%
$391,371
$391.4K
Cap Rate 9%
$304,400
$304.4K
Market Conditions
NOI Build-Up for 1,366 SF
Gross rent
$41.8K $30.60/SF
− Vacancy
−$2.7K −$1.95/SF
EGI
$39.1K $28.65/SF
− OpEx
−$11.7K −$8.60/SF
NOI
$27.4K $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%
$547,920
Cap Rate 7%
$391,371
Cap Rate 9%
$304,400
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.5K – $456.6K
NOI $27,396 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$360.5K
$315.4K – $420.6K
NOI $25,235 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$922.1K
$806.8K – $1.08M
NOI $64,544 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate structures provide a three-bedroom residence and a renovated one-bedroom unit with independent living arrangements.
Where is this duplex located?
The property is located at 2364 SW 14th St Miami, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two separate structures on a nearly 8,000‑square‑foot lot; Front residence includes 3 bedrooms, 1 bathroom, carport, updated kitchen, and renovated bathroom; Rear unit offers 1 bedroom and 1 bathroom
