Multifamily Property Near
For Sale
$1,145,000
250 NW 63rd Ct, Miami, FL 33126
Four units with income potential near expressways, shopping, and restaurants.
Property Size3,338 SF
Days on Market234
Property Features for 250 NW 63rd Ct
General Information
Standard status
Active
Size
3,338 SF
Property subtype
Investment
Site & Location
Neighborhood
Flagami
Taxes and HOA fees
Annual Taxes
$13,121
Building Details
Building Size
3,338 SF
Year Built
1959
Stories
2
Units
4
Listing Agency:
BHHS EWM Realty
Listed By:
Nelly David · License #0690899
(305) 807-0580
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 28 at 10:39AM
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 BHHS EWM Realty
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Investment Insights
Based on property information with market context.
This multi-family property features four individual units, presenting a prime investment opportunity with strong income potential. The location is near MIA, major expressways, shopping, and restaurants. Unit 1 is a single-story unit with 3 bedrooms and 2 bathrooms, featuring spacious living areas. Unit 2 is a detached two-story unit with 3 bedrooms and 1 bathroom. Unit 3 includes 1 bedroom, 1 bathroom, plus a den. Unit 4 is a detached single-story unit with 1 bedroom and 1 bathroom. The property includes ample on-site parking and separate living spaces. The high-demand rental area ensures consistent occupancy.
Key Highlights
- Four individual units offering maximized income potential
- Prime location near Miami International Airport, major expressways, shopping, and restaurants
- Strong income potential in a high‑demand rental area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,945
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,900
$1.3M
Cap Rate 7%
$956,357
$956.4K
Cap Rate 9%
$743,833
$743.8K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$102.1K $30.60/SF
− Vacancy
−$6.5K −$1.95/SF
EGI
$95.6K $28.65/SF
− OpEx
−$28.7K −$8.60/SF
NOI
$66.9K $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%
$1,338,900
Cap Rate 7%
$956,357
Cap Rate 9%
$743,833
Alternative Uses
Best Use
Multifamily LT 5
$956.4K
$836.8K – $1.12M
NOI $66,945 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$880.9K
$770.8K – $1.03M
NOI $61,664 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,722 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units with income potential near expressways, shopping, and restaurants.
Where is this quadplex located?
The property is located at 250 NW 63rd Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Four individual units offering maximized income potential; Prime location near Miami International Airport, major expressways, shopping, and restaurants; Strong income potential in a high‑demand rental area
