Furnished
243 NW 32nd St, Miami, FL 33127
For Sale
$1,195,000
The renovated, furnished property is currently operated as a seasonal rental.
Property Size1,768 SF
Price / SF$675.90
Days on Market147
Property Features for 243 NW 32nd St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Furnished
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
BZG International, LLC
Listed By:
Uccio Zecchini · License #3219617
(305) 796-2271
Source:
Maggirealty
Added: Jun 15
Changed: Nov 8
Last Checked: Nov 7 at 7:32PM
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 BZG International, LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1947 and has been renovated and furnished. It contains 1,768 square feet and is currently operated as a seasonal rental.
T4-R zoning allows for a stated density of 18 units. Wynwood, Midtown, the Design District, and Downtown Miami are described as minutes away.
T4-R zoning allows for a stated density of 18 units. Wynwood, Midtown, the Design District, and Downtown Miami are described as minutes away.
Key Highlights
- 1,768‑square‑foot duplex built in 1947
- Renovated and furnished
- Currently operated as a seasonal rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,458
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,160
$709.2K
Cap Rate 7%
$506,543
$506.5K
Cap Rate 9%
$393,978
$394.0K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$54.1K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.7K $28.65/SF
− OpEx
−$15.2K −$8.60/SF
NOI
$35.5K $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%
$709,160
Cap Rate 7%
$506,543
Cap Rate 9%
$393,978
Alternative Uses
Best Use
Multifamily LT 5
$506.5K
$443.2K – $591.0K
NOI $35,458 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,661 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,539 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,683
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The renovated, furnished property is currently operated as a seasonal rental.
Where is this duplex located?
The property is located at 243 NW 32nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 1,768‑square‑foot duplex built in 1947; Renovated and furnished; Currently operated as a seasonal rental
